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Q. Ralph's Gas Station is running a giveaway promotion. With every fill-up of gasoline, Ralph gives out a lottery ticket which has a 25% of chance of being a winning ticket. Customers who collect four winning lottery tickets are eligible for "BIG SPIN" for large payoffs. Illustrate what is probability of qualifying for big spin if a customer fills up 7 times?
This is what i know about Porters Model. It is the systematic analysis of forces in the industry environment using the Porter framework is a prowerful tool that helps managers
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