Pacific Realty is helping a developer to sell their latest real-estate properties. To achieve maximum sales, Pacific

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Pacific Realty is helping a developer to sell their latest real-estate properties. To achieve maximum sales, Pacific Reality trains agents to sell the product to more than four houses per month. One of the agents established that the number of houses sold in a month is Poisson distributed with an average of three houses. What is the probability for the agents to sell the houses within their trained capabilities? Determine whether the training provided by the company achieved their target.

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Business Statistics

ISBN: 9781292220383

10th Global Edition

Authors: David Groebner, Patrick Shannon, Phillip Fry

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