Exhibit 5-6

question 41

Multiple Choice

Exhibit 5-6.The number of cars sold by a car salesman during each of the last 25 weeks is the following: Refer to Exhibit 5-6.What is the probability that the salesman sells no more than one car during a week?

• A)0.20
• B)0.40
• C)0.60
• D)0.80

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Definitions:

Service Companies

Organizations that provide intangible products to their customers, usually offering professional advice or services rather than physical products.

Activity Levels

Refers to the volume of work or operations within a specific time frame in a business, affecting cost behavior and operational efficiency.

Goal Conflict

A situation where different parties have goals that are not aligned, leading to potential conflict or inefficiency.

Budgetary Slack

The intentional underestimation of revenues and/or overestimation of expenses in a budget to create the appearance of having less money available than might actually be available.