Examlex

Solved

Consider the Following to Answer the Question(s) Below

question 8

Multiple Choice

Consider the following to answer the question(s) below:
The owner of a small convenience store is trying to decide whether to discontinue selling magazines. He suspects that only 5% of the customers buy magazines and thinks that he might be able to sell something more profitable. Before making a final decision, he keeps track of the number of customers who buy magazines each day. On a typical day he has 280 customers in his store.
-On a typical day, what would be the standard deviation of the number of customers who buy magazines?


Definitions:

Prevent Future Harms

Measures or actions taken to stop or reduce the likelihood of adverse effects or damages occurring in the future.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, celebrating differences in traditions, languages, arts, and behaviors.

Homogenous Culture

A homogenous culture is one in which the members share similar values, beliefs, and customs, leading to minimal cultural diversity within the group.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to increased interconnectedness and interdependence of global economies.

Related Questions