Sales per customer contact of a salesperson

Reference no: EM13337866

1. A marketing manager of a manufacturing company finds that an average of a sales per customer contact of a salesperson is 0.40. What is the probability that this salesperson makes exactly two sales in the next six customer contacts?

2. The chief analyst of a mutual fund companywants to evaluate the performance of a stock recommendation service. Last year 60% of all stocks increased at least 5% invalue. Of the 15 stocks the firm recommended as best buy of themonth, 10 increased at least 5% in value. Would you conclude that the service did better than if the stocks were picked out of a hat? Suppose 12 had increased. What would you conclude?

Reference no: EM13337866

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