Closing sales. A salesman normally makes a sale (closes) on 80% of his presentations. Assuming the presentations

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Closing sales. A salesman normally makes a sale

(closes) on 80% of his presentations. Assuming the presentations are independent, find the probability of each of the following.

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.

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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Question Posted: Sep 07, 2024 05:03 AM

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Closing sales. A salesman normally makes a sale (closes) on 80% of his presentations. Assuming the presentations

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Business Statistics

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