Question: A life insurance salesman finds that of all the sales

A life insurance salesman finds that, of all the sales he makes, 70% are to people who already own policies. He also finds that, of all contacts for which no sale is made, 50% already own life insurance policies. Furthermore, 40% of all contacts result in sales. What is the probability that a sale will be made to a contact who already owns a policy?

View Solution:

Sale on SolutionInn
  • CreatedJuly 07, 2015
  • Files Included
Post your question