A Tutoring Company Claims That 75% of the High School

question 73

Essay

A tutoring company claims that 75% of the high school students who hire one of their tutors will improve their grades.
A) In a sample of 100 high school students, what is the probability that 80% or more improved their grades?
B) In a sample of 200 high school students, what is the probability that 80% or more improved their grades?
C) Comment on the reason for the difference between the computed probabilities in parts a and b.

• A) In a sample of 100 high school students, what is the probability that 80% or more improved their grades?
• B) In a sample of 200 high school students, what is the probability that 80% or more improved their grades?
• C) Comment on the reason for the difference between the computed probabilities in parts a and b.

Understand the role of trust and mutual respect in developing long-term business relationships.

Recognize the importance of integrating social media and CRM systems in addressing post-sale service needs.

Comprehend the strategies for enhancing customer satisfaction through services such as warranties and speedy delivery.

Acknowledge the effect of service quality on customer expectation and salesperson success.

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Definitions:

Net Present Value

A financial metric showing the value of all future cash flows related to an investment discounted back to the present time.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.

Depreciated

The reduction in the value of an asset over time, typically due to wear and tear or obsolescence.

Tax Rate

The percentage at which an individual or corporation is taxed.