Examlex
In a sample of 20 hand-held calculators,15 are known to be nonfunctional.If 7 of these calculators are selected at random,what is the probability that exactly 5 in the selection are nonfunctional? Round to the nearest thousandth.
Income Pyramid
A graphical representation of the distribution of income across different segments of society, often showing a wide base of low-income individuals and a narrow top of high-income earners.
Base Of The Pyramid
A concept that targets the largest but poorest socio-economic groups in a given population, focusing on providing affordable products and services.
Unmet Needs Trap
A situation where organizations focus on immediate customer needs without anticipating future demands, potentially hindering long-term innovation.
Base-Of-The Pyramid Markets
The largest, but poorest socio-economic groups in the world, considered as potential consumers, people living on less than $2.50 a day.
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