At a Large Midwestern College, 4% of the Students Are

question 5

Multiple Choice

At a large Midwestern college, 4% of the students are Hispanic. A random sample of 20 students from the college is selected. Let X denote the number of Hispanics among them. The standard deviation of X is:

• A)0.71
• B)0.768.
• C)0.8.
• D)0.88.

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Definitions:

Differentiation

The process of distinguishing a product or service from others, to make it more attractive to a particular target market.

Perceptual Mapping

Perceptual mapping is a diagrammatic technique used by marketers to visually display the perceptions of customers or potential customers to compare attributes of different products.

Private-label Brands

Brands owned by a retailer or supplier that are sold exclusively in their own stores or outlets.

Perceptual Map

A visual representation that depicts consumers' perceptions of competing products or brands relative to one another along various dimensions.