A five-star hotel accepts 100 room reservations daily. For each reservation accepted, there is a 7% chance that the guest will not arrive. You decide to build a simulation model to describe the number of guests who will show up
The best appropriate distribution to use is:
A) normal
B) continuous uniform
C) discrete uniform
D) binomial
E) triangular
D
Business
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Indicate whether the statement is true or false
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According to the text, which type of selling situation relies most heavily on building a relationship with the customer?
A) transactional B) straight re-buy C) strategic alliance D) consultative E) outbound telemarketing
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