For a Particular Clothing Store, a Marketing Firm Finds That

question 13

Multiple Choice

For a particular clothing store, a marketing firm finds that 16% of $10-off coupons delivered by mail are redeemed. Suppose six customers are randomly selected and are mailed $10-off coupons. What is the expected number of coupons that will be redeemed?

• A) 0.81
• B) 0.96
• C) 3.42
• D) 5.04

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Definitions:

Services Produced

Activities or benefits provided by businesses or individuals that are intangible and do not result in ownership of physical goods.

Net Exports Component

The value of a country's total exports minus its total imports, representing the external demand for its goods and services in the calculation of GDP.

U.S. GDP

The total monetary value of all goods and services produced within the United States’ borders in a specific time period.

Nominal U.S. GDP

The gross domestic product of the United States measured in current dollars, without adjusting for inflation.