In Exercise 6.56, suppose that three of the customers are interested in the same car, and that

Question:

In Exercise 6.56, suppose that three of the customers are interested in the same car, and that they will go elsewhere if it has already been sold. Would it be appropriate to use the binomial under these conditions? Why or why not?
In exercise
Bill has to sell three more cars this month in order to meet his quota. Tonight he has after-dinner appointments with five prospective customers, each of whom happens to be interested in a different car. If he has a 30% chance of success with each customer, what is the probability that he will meet his quota by tomorrow morning?
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...