A salesman normally makes a sale (closes) on 80% of his presentations. Assuming the presentations are independent,
Question:
a) He fails to close for the first time on his fifth attempt.
b) He closes his first presentation on his fourth attempt.
c) The first presentation he closes will be on his second attempt.
d) The first presentation he closes will be on one of his first three attempts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
a Probability that he fails to close for the 1 st time on his 5 th attempt 080 4 020 00819 b Proba...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
Students also viewed these Statistics questions
-
The following openers and closes came from class presentations on information interviews. Does each opener make you interested in hearing the rest of the presentation? Does each opener provide a...
-
Find the probability that LeBron James makes his first free throw shot before his third attempt. a. Use the geometric distribution to find P(1) and P(2). b. Find the sum of P(1) and P(2). c. Write...
-
The man attempts to pull the log at C by using the three ropes. Determines the direction θ in which he should pull on his rope with a force P, so that he exerts a maximum force on the log. What...
-
DAT, Inc., needs to develop an aggregate plan for its product line. Relevant data are The forecast for next year is Management prefers to keep a constant workforce and production level, absorbing...
-
What are the different types of firms in the securities industry and how does each type differ from the others?
-
If the Swiss franc is selling for \($0.5618\) and the Japanese yen is selling for \($0.0077,\) what is the cross rate between these two currencies?
-
8. YOU BE THE JUDGE WRITING PROBLEM Cellwave was a limited partnership that applied to the Federal Communications Commission (FCC) for a license to operate cellular telephone systems. After the FCC...
-
John Gemstone, a wealthy client, has recently been audited by the IRS. The agent has questioned the following deduction items on Mr. Gemstones tax return for the year under review: A $10,000 loss...
-
A-D questions?. 8/ Karli owns a 25% capital and profits interest in the calendar-year KJDV Partnership. Her adjusted basis for her partnership interest on July 1 of the current year is $200,000. On...
-
Audrey Martin and Beth James are partners in the Country Gift Shop, which employs the individuals listed below. Paychecks are distributed every Friday to all employees. Based on the information...
-
Can we use probability models based on Bernoulli trials to investigate the following situations? Explain. a) You survey 500 potential customers to determine their color preference. b) A manufacturer...
-
Suppose a computer chip manufacturer rejects 2% of the chips produced because they fail presale testing. Assuming the bad chips are independent, find the probability of each of the following. a) The...
-
The following data are taken from the financial statements of Saladin Inc. Terms of all sales are 2/10, n/60. a. Determine for each year (1) the accounts receivable turnover and (2) the number of...
-
Mention 4 reasons why blockchaincan be useful to access distributed GPUs The following site is the reference. https://www3.weforum.org/docs/48423_Whether_Blockchain_WP.pdf
-
How should Electricity Company of Ghana, Danyame branch perform to satisfy their customers effectively? How to identify Electricity Company of Ghana, Danyame branch - CRM performance and to make...
-
1. The following information was taken from the records of the Demi Corporation for the month of June: Work In Process, beginning - 7,500 units, complete, $10,400; Work In Process, end - 4,500 units,...
-
Explain the investing and financing activities classifications on a statement of cash flows. Give your own example of each type of activity.
-
How should an informed opinion counter an uninformed opinion? How should an opinion piece be written?
-
An observational study was done to assess the effects of environmental infl uences on drinking by college students in a university-sponsored pub. Eighty-two students over the age of 21 were observed....
-
Horse serum containing specific antibody to snake venom has been a successful approach to treating snakebite in humans. How do you think this anti-venom could be generated? What are some advantages...
-
The flow of water in a 3-mm-diameter pipe is to remain laminar. Plot a graph of the maximum flowrate allowed as a function of temperature for \(0
-
Calculate Laspeyres price indexes for 2007-2009 from the following data. Use 2000 as the baseyear. Quantity Price Item 2000 2000 2007 2008 2009 21 $0.50 $0.67 $0.68 $0.71 6 1.23 1.85 1.90 .91 0.84...
-
Calculate Paasche price indexes for 2008 and 2009 using the following data and 2000 as the baseyear. 2008 2009 Item 2000 Price Price Quantity Price Quantity $22.50 10.90 1.85 $27.80 13.10 2.25 13 12...
-
Following are the average yields of long-term new corporate bonds over a several-month period published by the Office of Market Finance of the U.S. Department of the Treasury. a. Explore trends in...
-
Part 1: Set up the Program Import the Scanner class at the top under your name comment If needed, create public class with the same name as your file Inside the public class, create your main...
-
B C D E G F H K Given the tree above: How many CHILDREN does node G have? What are the DESCENDANTS of node H? How many INTERNAL nodes are there in this tree? What are the ANCESTORS of node J? What...
-
can you let code a p5js sketch using javascript to do the following Uses the Amplitude() object to make an audio reactive sketch. Changes color based on the audio playing. Changes shape size based on...
Study smarter with the SolutionInn App