Two agents joined an insurance company a year ago.

During the year, the first agent sold 32 life insurance policies, with an insurance sum of $42 million. For the same type of policy, the second agent sold 29 with a sum of $46 million. The company’s sales report for the year state that 525 life insurance policies have been sold, totaling to $450 million.

a. If the agency’s manager wanted to determine the new agents’ sales probability, what probability assessment approach should he use?

b. Compute the probability of the number of life insurance policies sold by both new agents.

c. The manager needs each agent to achieve a probability of 10% sales in insured sum. Determine whether both the new agents fulfilled their manager’s requirement.