Annoying phone calls A newly hired telemarketer is told he will probably make a sale on about
Question:
Annoying phone calls A newly hired telemarketer is told he will probably make a sale on about 12% of his phone calls. The first week he called 200 people, but only made 10 sales. Should he suspect he was misled about the true success rate? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Let X the number of sales made after making n 200 calls Using Binom200 012 These may be considered B...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Stats Data And Models
ISBN: 9780135163825
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
Question Posted:
Students also viewed these Engineering questions
-
A telemarketer makes six phone calls per hour and is able to make a sale on 30% of these contacts. During the next 2 hours, find: a. The probability of making exactly four sales. b. The probability...
-
A telemarketer calls people and tries to sell them a subscription to a daily newspaper. On 20% of her calls, there is no answer or the line is busy. She sells subscriptions to 5% of the remaining...
-
A telemarketer is planning to set up a phone bank to bilk widows with a Ponzi scheme. His past experience (prior to his most recent incarceration) suggests that each phone will be in use half the...
-
Infinity & Beyond, Inc. is a producer of high-tech fashion merchandise. The company's marketing department has identified a new product concept through discussions with potential customers conducted...
-
Careful Bank made a loan to Sampson and took his truck as security in a credit agreement. The bank filed a financing statement in Ontario. Sampson took the truck to Manitoba and used it as a trade-in...
-
In 2014, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have...
-
Consider the stock and bond lattices on the left of Figure 14.18. Each has unit cost of \(\$ 1\) with the payoffs shown at the end nodes. There is a new asset available-a derivative of the first two...
-
You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you...
-
Assignment 4 In this assignment you are provided information on an experiment and you are required to investigate and interpret the output which is provided below. Problem: Consider the...
-
Hassellhouf Companys trial balance at December 31, 2017, is presented below. All 2017 transactions have been recorded except for the items described as unrecorded transactions. Unrecorded...
-
ESP Scientists wish to test the mind-reading ability of a person who claims to have ESP. They use five cards with different and distinctive symbols (square, circle, triangle, line, squiggle). Someone...
-
Door prize You are among 100 people attending a charity fundraiser at which a large-screen TV will be given away as a door prize. To determine who wins, 99 white balls and 1 red ball have been placed...
-
Identify the vertex and leading coefficient. Then write the expression as f(x) f(x) = ax 2 + bx + c. f(x) = (x+3)-5
-
Samson Corporation has 1,000 shares of common stock outstanding. Sal owns 560 shares, Rita owns 250 shares, and Susan owns 190 shares. None of the owners are related. On August 14, 2018, Samson...
-
What do you think is the strongest deterrent to settlement in the dispute over the Rock of Gibralter?
-
To what extent can the hard and soft variants of HRP be regarded as mutually exclusive?
-
What dispute resolution technique would you advise for Spain and Britain in their dispute over the Rock of Gibraltar?
-
Provide an underpinning rationale in support of the development and practice of strategically integrated recruitment and selection;
-
This exercise refers to the drunk driving panel data regression summarized in Table 10.1. a. New Jersey has a population of 8.1 million people. Suppose that New Jersey increased the tax on a case of...
-
A crop-dusting plane flies over a level field at a height of 25 ft. If the dust leaves the plane through a 30 angle and hits the ground after the plane travels 75 ft, how wide a strip is dusted? See...
-
At a barbershop music singing competition, choruses are judged on three scales: Music (quality of the arrangement, etc.), Performance, and Singing. The scales are supposed to be independent of each...
-
The Pew Research Center conducted a representative telephone survey in October of 2016. Among the reported results was the following table concerning the preferred political party affiliation of...
-
The study described in Exercise R5.21 also looked at scores in mathematics and language. Here are software outputs for the appropriate tests. Data From Exercise R5.21 Several programs attempt to...
-
Most social media companies rely on ad revenue as their main source of income. What are other ways that LinkedIn generates income? Why is it important for a company to have multiple ways of...
-
Synchronous and asynchronous communication are two major categories of communication that project teams utilize in planning reliable and timely communication. Much as they have been developed and...
-
Identify and describe an emerging technology or information system with application to the operation of Business. Which activities, areas of the business are most affected, what are the comparative...
Study smarter with the SolutionInn App