A Retailer Claims That 90% of Its Customers Are "Pleased

question 25

Multiple Choice

A retailer claims that 90% of its customers are "pleased" or "very pleased" with the customer service. In a survey of 300 customers taken last week, what is the probability that between 80% and 90% will be "pleased" or "very pleased" with the service?

• A) 0.1736
• B) 0.5736
• C) 0.3464
• D) Almost 100%
• E) Almost 50%

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Definitions:

Liabilities

Financial obligations or debts that a company owes to others, reflecting amounts that must be paid in the future.

Authorized Shares

The maximum number of shares a corporation is legally allowed to issue, as stipulated in its articles of incorporation.

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Cash Dividend

A share of a company's profits paid out to its shareholders in cash.