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The success rate a salesman may achieve through cold calling will largely depend on the approach they take. According to Charlie Cook, author and marketing
The success rate a salesman may achieve through cold calling will largely depend on the approach they take. According to Charlie Cook, author and marketing consultant, conversion rates for cold calls usually fall in the percent range, while referrals may have a percent conversion and solid leads may have a percent conversion. A group of salesmen was assigned to pursue "solid leads" during the period of a week.
Let be the number of sales generated from "solid leads". Describe the distribution of and its parameters:
Use the random variable notation to symbolically express the probability that at least sales will be generated from "solid leads":
Let be a normal variable that will be used to approximate the probability in question. Find the parameters of round the answers to decimal places:
Use the random variable notation to symbolically express the approximate probability that at least sales will be generated from "solid leads":
Use the correction for continuity:
Find the probability round the answer to decimal places:
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