A Telemarketer Is Almost Through with Her Entire Shift,and She

question 66

Multiple Choice

A telemarketer is almost through with her entire shift,and she has not made a single sale.Her manager says that she has a good chance of making a sale on her last few phone calls because she is due.Is her manager right?

• A)No,because the Probability Assignment Rule applies in the long-run,not in the short-run.
• B)Yes,because the Law of Averages is valid for independent events.
• C)No,because there is no Law of Large Numbers for independent events.
• D)Yes,because the Law of Large Numbers is valid for independent events.
• E)No,because there is no Law of Averages for independent events.

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Definitions:

Executive Officers

High-ranking executives within a corporation, typically charged with making significant decisions and managing the organization's operations.

Confidential Information

Sensitive information that is not public knowledge and is protected from unauthorized disclosure, often within a business or professional context.

Tipper

An insider who gives inside information to someone.

Tippee

An individual who receives confidential information from an insider.