Instruction 5-6 from an Inventory of 48 New Cars Being Shipped to Shipped

question 78

Short Answer

Instruction 5-6
From an inventory of 48 new cars being shipped to local dealerships,corporate reports indicate that 12 have defective radios installed.
-Referring to Instruction 5-6,what is the probability out of the 8 new cars it just received that,when each is tested,no more than half of the cars have defective radios?

---

Definitions:

Avoids Adaptation

a strategy where a business does not significantly alter its product or services to accommodate different cultural or market requirements in its expansion or operations.

Differentiated Needs

The varying requirements and preferences of customers or markets that businesses seek to satisfy with customized products or services.

Differentiation Strategy

A business approach where a company seeks to distinguish its products or services from competitors' offerings through unique features and benefits.

Strategic Positioning

The process of determining how to distinguish an organization's offerings from competitors' to attract and maintain customers.