The consumer and business buying behavior

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1. What are the differences and similarities between the consumer and business buying behavior? Your post should include at least two examples to compare and contrast these buying processes.

2. Lucky Lumen light bulbs have an expected life that is exponentially distributed with a mean of 20,000 hours. Determine the probability that one of these light bulbs will last:

1. At least 20,000 hours

2. No longer than 4000 hours

3. Between 4,000 and 24,000 hours

Please show all work

Reference no: EM132278436

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