A sales representative finds that there is a 30% probability of making a sale by visiting the
Question:
A sales representative finds that there is a 30% probability of making a sale by visiting the potential customer personally. For every 20 calls, find the probability of making three sales in a row.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Use a binomial probability distributio...View the full answer
Answered By
Hardik Dudhat
I am semi-qualified Chemical Engineering ,I have scored centum in accounting in my senior secondary and in my graduation. I have always helped my fellow students with their concerns on the subject, i have tutored on various tutoring sites in the past and also have taken home tuitions for degree and MBA students. As a tutor, I don't want my students to just get a solution, I want them to understand the concept and never have a doubt in that area thereon and i believe in excelling and not in educating.
0.00
0 Reviews
10+ Question Solved
Related Book For
Elementary Statistics A Step By Step Approach
ISBN: 9781259755330
10th Edition
Authors: Allan G. Bluman
Question Posted:
Students also viewed these Mathematics questions
-
A sales representative for a tire manufacturer claims that the company's steel-belted radials last at least 35,000 miles. A tire dealer decides to check that claim by testing eight of the tires. If...
-
A sales representative who visits customers at home finds she sells 0, 1, 2, 3, or 4 items according to the following frequency distribution. Items sold Frequency 0..........8 1 ............10 2...
-
Refer to Exercise 16.1. After collecting the data and testing for parallelism of the four lines relating the reduction in blood pressure to the age of the subject, the researcher finds that there is...
-
Each table of values gives several points that lie on a line.(a) What is the x-intercept of the line? The y-intercept?(b) Which equation in choices AD corresponds to the given table of values?(c)...
-
A sampling plan is desired to have a producer's risk of 0.05 at AQL = 0.9% and a consumer's risk of 0.10 at LQL = 6.5% nonconforming. Find the single sampling plan that meets the consumer's...
-
Cyclohexane liquid at 10 barg flows through a \(1-\mathrm{cm}\)-diameter hole to atmospheric pressure. Estimate the discharge rate if the ambient pressure is \(1 \mathrm{~atm}\).
-
If the interest rate at B is 20 percent, then which of the following best describes the analysis of the investment? a. The IRR of the investment is less than 20 percent. b. The IRR of the investment...
-
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the companys operations in July appear below: The...
-
How can the relationship between Online Analytical Processing (OLAP) systems and Customer Relationship Management (CRM) bolster an organization's marketing efforts?
-
Hardy Photography's checkbook lists the following: Hardy's November bank statement shows the following: Requirements 1. Prepare Hardy Photography's bank reconciliation at November 30, 2018. 2. How...
-
Find a study that uses a questionnaire. Select any questions that you feel are improperly written.
-
Boxer A is favored to win over boxer B with odds 4:3. Simulate nine rounds between the two and declare a winner.
-
Given the standard equation of an ellipse, explain how to determine the length of the major axis. How can you determine whether the major axis is vertical or horizontal?
-
What are the psychological dynamics underlying obedience to authority, as explored in Milgram's obedience experiments and related research, and how can insights from social psychology inform efforts...
-
What is a fair price for a $1000 face value bond that pays a 3% semiannual coupon that matures in 6 years if I want a 5.5% rate of return on my investment?
-
For this problem, ignore gravitational interactions, and use k = 9.00 x 10 N m/C. Note that 1 nanocoulomb (1 nC) is equal to 1 x 10 C. Also, a number like 3.45 10 6 can be entered in Top Hat as...
-
How do theories of authority, such as Weber's concept of charismatic, traditional, and legal-rational authority, provide insights into the sources, legitimacy, and exercise of power within social and...
-
Marginal Incorporated (MI) has determined that its before-tax cost of debt is 4.0% for the first $285 million in bonds it issues, and 8.0% for any bonds issued above $285 million. Its cost of...
-
In its 2017 annual report, Winkler Limited reports beginning-of-the-year total assets of $1,923 million, end-of-the-year total assets of $2,487 million, total revenue of $2,687 million, and net...
-
Consider a game of poker being played with a standard 52-card deck (four suits, each of which has 13 different denominations of cards). At a certain point in the game, six cards have been exposed. Of...
-
The gross state product (GSP) is the sales of all goods and services originating in a state minus the costs of any goods or services used to generate the sales. The file State GSP contains the 2015...
-
Refer to Exercise 15-8 and the data file Browning. a. Produce a regression equation that will predict the sales as a function of the other four variables. b. Determine if the overall model is...
-
Paul Browning owns and operates a medium size company that sells sunglasses and beachwear to retailers in the United States and Canada. He is interested in analyzing the effect of several variables...
-
A project manager has been asked to provide an explanation regarding a $2,220 favorable material variance on a playground equipment project. After further analysis, the project manager was able to...
-
Each time you record a new entry, resave the document with the same filename. During the last week of the course, you will upload the document and submit it for grading. You will also review your...
-
A systems analysis is required when: An agency wishes to purchase multiple expense items and the aggregate cost exceeds the expense/investment threshold. A unit intends to purchase multiple...
Study smarter with the SolutionInn App