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Question 1) Two in 10 marketing strategies randomly sampled are known to be ineffective in a
banking sector.
i. Calculate the probability that in a sample of 6 marketing strategies employed in the banking
sector:
A. None are ineffective
B. More than half are ineffective
ii. Find the:
A. Expected number of ineffective strategies.
B. Standard deviation of ineffective strategies used in the banking sector.
.

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Question 1 Two in 10 marketing strategies randomly sampled .pdf

  • 1. Question 1) Two in 10 marketing strategies randomly sampled are known to be ineffective in a banking sector. i. Calculate the probability that in a sample of 6 marketing strategies employed in the banking sector: A. None are ineffective B. More than half are ineffective ii. Find the: A. Expected number of ineffective strategies. B. Standard deviation of ineffective strategies used in the banking sector. .