Annoying phone calls A newly hired telemarketer is told he will probably make a sale on about
Question:
Annoying phone calls A newly hired telemarketer is told he will probably make a sale on about 12% of his phone calls. The first week he called 200 people, but only made 10 sales. Should he suspect he was misled about the true success rate? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Let X the number of sales made after making n 200 calls Using Binom200 012 These may be considered B...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Stats Data And Models
ISBN: 9780135163825
5th Edition
Authors: Richard D De Veaux, Paul F Velleman, David E Bock
Question Posted:
Students also viewed these Engineering questions
-
A telemarketer makes six phone calls per hour and is able to make a sale on 30% of these contacts. During the next 2 hours, find: a. The probability of making exactly four sales. b. The probability...
-
A telemarketer calls people and tries to sell them a subscription to a daily newspaper. On 20% of her calls, there is no answer or the line is busy. She sells subscriptions to 5% of the remaining...
-
A telemarketer is planning to set up a phone bank to bilk widows with a Ponzi scheme. His past experience (prior to his most recent incarceration) suggests that each phone will be in use half the...
-
Infinity & Beyond, Inc. is a producer of high-tech fashion merchandise. The company's marketing department has identified a new product concept through discussions with potential customers conducted...
-
Careful Bank made a loan to Sampson and took his truck as security in a credit agreement. The bank filed a financing statement in Ontario. Sampson took the truck to Manitoba and used it as a trade-in...
-
What is a data cube? Define three data dimensions of a data cube that might be used to analyze sales by product line.
-
Operation costing, equivalent units. (Chapter Appendix II, CMA, adapted) Gregg Industries manufactures a variety of plastic products, including a series of moulded chairs. The three models ofmoulded...
-
For 2015, Silver Corporation (a calendar year business) incurred the following transactions: Taxable income$3,950,000 Accelerated depreciation on pre-1987 real property (in excess of straight-line...
-
The following information is for direct labor cost for X Company for 2021: Budgeted labor hours per unit of product 2.4 Actual labor hours per unit of product 2.3 Budgeted hourly wage rate $11.90...
-
The limit order book for a security is as follows: The specialist receives the following, in order: Market order to sell 300 shares Limit order to buy 100 shares at 25.38 Limit order to buy 500...
-
ESP Scientists wish to test the mind-reading ability of a person who claims to have ESP. They use five cards with different and distinctive symbols (square, circle, triangle, line, squiggle). Someone...
-
Door prize You are among 100 people attending a charity fundraiser at which a large-screen TV will be given away as a door prize. To determine who wins, 99 white balls and 1 red ball have been placed...
-
In the diagram, OAB is a sector of a circle with centre O and radius 8cm. Angle BOA is radians. OAC is a semicircle with diameter OA. The area of the semicircle OAC is twice the area of the sector...
-
Assume an organic compound has a partition coefficient between water and ethyl acetate equal to 8.12. If there are initially 7.10 grams of the compound dissolved in 75.0 mL of water, how many grams...
-
Berger Paint Pakistan limited produces three types of joint products, S ilver paint, G olden paint and D iamond paint. During March, 2020, the following information was recorded : Particulars Silver...
-
Choose an industry in which you are interested in working. How is that industry trending? What internal and external factors may affect the direction of the organization? For your initial post,...
-
show all work and Computations and if favorable or unfavorable. Standard Cost Data per 1 Unit Quantity Price Direct Labor 2 hrs $4.00/hr Actual Data: Units produced 20 20 Direct Labor 30 hrs; total...
-
4. A petroleum company is considering the expansion of its one unloading facility at its Australian refinery. Due to random variations in weather, loading delays, and other factors, ships arriving at...
-
The sum of two numbers is 7 and the difference of their squares is 21. Find the numbers.
-
Differentiate. y = ln(3x + 1) ln(5x + 1)
-
At a barbershop music singing competition, choruses are judged on three scales: Music (quality of the arrangement, etc.), Performance, and Singing. The scales are supposed to be independent of each...
-
The Pew Research Center conducted a representative telephone survey in October of 2016. Among the reported results was the following table concerning the preferred political party affiliation of...
-
The study described in Exercise R5.21 also looked at scores in mathematics and language. Here are software outputs for the appropriate tests. Data From Exercise R5.21 Several programs attempt to...
-
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...
-
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets...
-
Entries for Sale of Fixed Asset Equipment acquired on January 5 at a cost of $134,640, has an estimated useful life of 17 years, has an estimated residual value of $9,350, and is depreciated by the...
Study smarter with the SolutionInn App