A car salesman meets 12 customers each week. His probability of making a sale in the first
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A car salesman meets 12 customers each week. His probability of making a sale in the first meeting with a customer is .3. When he gets the second meeting with the same customer, the probability of making a sale increases to .9. Over the last 2 weeks, he talked to four customers twice. What is the probability that he made no sales?
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In order to answer the question we can treat each meeting separately and find the probability that e...View the full answer
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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