A certain insurance salesman sees an average of five customers in a week. Each time he speaks

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A certain insurance salesman sees an average of five customers in a week. Each time he speaks to a customer, he has a 30 % chance of making a deal. What is the probability that he makes five deals after speaking with five customers in a week?

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Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

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Question Posted: Feb 10, 2024 12:57 PM

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A certain insurance salesman sees an average of five customers in a week. Each time he speaks

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The situation described in this question is a binomial experiment Binomial experiments have two opti...View the full answer

Statistics For Business And Financial Economics

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