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An insurance agent has appointments with 8 prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any
An insurance agent has appointments with 8 prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 0.30. Using the rules of probability, what is the likelihood that the agent will sell a policy to exactly seven of the eight prospective clients?
Multiple Choice
0.001
0.160
0.250
0.125
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