Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 10, 2024

A person making calls to sell insurance has a 0.15 probability of success.If that person makes 15 calls in a day, what is the probability

A person making calls to sell insurance has a 0.15 probability of success.If that person makes 15 calls in a day, what is the probability they will have at least 4 successful calls? Assume binomial variable.

a.0.4701

b.0.2428

c.0.1773

d.0.1821

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essential Calculus Early Transcendental Functions

Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards

1st Edition

618879188, 618879182, 978-0618879182

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Refer to the information reported about Gazelle Corporation in Problem 12-3B. In Problem 12-3B Gazelle Corporation, a merchandiser, recently completed its calendar-year 2015 operations. For the year,...

Answered: 1 week ago

Question

★★★★★

Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.943 0.909 0.893 2 0.890 0.826 0.797 3 0.840 0.751 0.712 4 0.792 0.683 0.636 5 0.747 0.621 0.567 Following is...

Answered: 1 week ago

Question

★★★★★

2. Lotus Development Corporation launched its Marketplace product in 1990. The product was a marketing database of 120 million U.S. consumers, with demographic information based on publicly available...

Answered: 1 week ago

Question

★★★★★

Barnes, the owner and operator of Blackacre, decided to cease farming operations and liquidate his holdings. Barnes sold fifty head of yearling Merino sheep to Billing and then sold Blackacre to...

Answered: 1 week ago

Question

★★★★★

1)We are given that the average amount spent on textbooks by all incoming freshmen was $400 with a standard deviation of $25 . The sampling distribution of the sample mean for randomly selected...

Answered: 1 week ago

Question

★★★★★

In memory test subjects are given number to memorize. Records show that 60% ot tests subjects pass. To pass a subject must remember. A random sample of 600 is chosen. Find ^p mean Find standard...

Answered: 1 week ago

Question

★★★★★

A rental car manager estimates the number of full-size sedans rented per week so that she can maintain an adequate number of cars in the lot. Data for the past 10 weeks are shown here: Week Rentals...

Answered: 1 week ago

Question

★★★★★

The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5...

Answered: 1 week ago

Question

★★★★★

Direct Computation of Nonoperating Return Balance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years Ended December 31 ($ millions) Net sales...

Answered: 1 week ago

Question

★★★★★

The following is a partial trial balance for General Lighting Corporation as of December 31, 2024: Account Title Sales revenue Interest revenue Loss on sale of investments Cost of goods sold Loss on...

Answered: 1 week ago

Question

★★★★★

The table below contains data on Fincorp incorporated. The balance sheet items correspond to values at year-end 2021 and 2022 , while the income statement items correspond to revenues or expenses...

Answered: 1 week ago

Previous Question Next Question