The Post Office Has Established a Record in a Major

question 54

Multiple Choice

The Post Office has established a record in a major Midwestern city for delivering 90% of its local mail the next working day.If you mail eight local letters,what is the probability that all of them will be delivered the next day.

• A)1.0
• B).4305
• C).8131
• D).5695

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Definitions:

Market Price

Market price is the current price at which a good or service can be bought or sold, determined by the intersection of supply and demand in a market.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Improve Conditions

Actions or initiatives aimed at enhancing the situation, environment, or well-being of individuals, communities, or systems.

Short Run

A period in economics during which at least one input (like plant size) is fixed and cannot be changed.