The Marketing Department of a Nationally Known Cereal Maker Plans

question 64

Multiple Choice

The marketing department of a nationally known cereal maker plans to conduct a national survey to find out whether or not consumers of flake cereals can distinguish one of their favourite flake cereals. To test the questionnaire and procedure to be used, eight persons were asked to cooperate in an experiment. Five very small bowls of flake cereals were placed in front of a person. The bowls were labeled A, B, C, D, and

• A) 0.168
• B) 0.009
• C) 0.788
• D) 0.125
• E) The person was informed that only one bowl contained his or her favourite flake cereal. Suppose that the eight persons in the experiment were unable to identify their favourite cereal and just guessed which bowl it was in. What is the probability that none of the eight guessed correctly?

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Definitions:

Ownership Stakes

The shares or interest that an individual or entity holds in a company, indicating the level of ownership.

Corporate Culture

Corporate culture refers to the beliefs, behaviors, and values that determine how a company's employees and management interact and handle outside business transactions, fundamentally affecting a company's internal environment and brand image.

Empowered Employees

Workers who are given the authority, capability, and encouragement to make decisions and contribute to the company's success.

Positive Publicity

Favorable exposure in the media or public domain that enhances the public image or reputation of an individual or organization.