A local public-action group solicits donations by telephone. For a particular list of prospects it was estimated
Question:
a. What is the probability that no immediate credit card donation will be received until at least four unsuccessful calls have been made?
b. What is the probability that the first call leading to any donation (either immediately or eventually after a mailing) is preceded by at least four unsuccessful calls?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9780132745659
8th Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted: