Probability of making a successful sale

Assignment Help Basic Statistics
Reference no: EM131697928

A salesman has 30 appointments this week. The probability of making a successful sale is 0.58. What is the probability the salesman will make at least 18 sales for the week (Binomial distribution), exactly 19 sales, and less than 12 sales?

Exactly being zero?

Can you please show me how you came to conclusion?

Reference no: EM131697928

Questions Cloud

What is the expected value of playing this game : If your roll comes up "doubles" (same face is up on both dice) you win $30; if not, you win nothing. What is the expected value of playing this game.
Minutes with a standard deviation : The median bill is $10.00. The mean amount of time spent by a customer in the station is 6.5 minutes with a standard deviation of 2 minutes.
Probability of closing a deal : If the agent has 15 appointments with potential buyers. What is the expected number of sales she would make from 15 appointments?
What is the expected value for number of car : What is the expected value for number of car sales each day and the standard deviation of the sales each day?
Probability of making a successful sale : The probability of making a successful sale is 0.58. What is the probability the salesman will make at least 18 sales for the week (Binomial distribution).
Event a and event b are independent events : Event A and Event B are independent events. P(A) = 0.7 P(B) = 0.4. What is P(A|B)?
What is the probability that a student taking the course : What is the probability that a student taking the course is male and probability that a student is female given the course is residential?
Preparation of the shipping documents for the order : CD Express, Inc., provides CD duplicating services for its customers. Preparation of the shipping documents for the order
Demonstrate the ability to research into a complaint : Demonstrate the ability to research into a complaint and determine the nature and specifics of the situation - identify appropriate resolution options

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd