A communications systems salesperson contacts four businesses during a week. Each contact can result in either a

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A communications systems salesperson contacts four businesses during a week. Each contact can result in either a sale, with probability .3, or no sale, with probability .7. Assume that the results for customer contacts are independent.
(a) List the elementary outcomes and assign probabilities.
(b) If X denotes the number of communications systems sold during the week, obtain the probability distribution of X.
(c) Calculate the expected value of X. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Principles And Methods

ISBN: 9780470904114

7th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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