An insurance agent talks to three customers each day. Her probability of making a sale in the
Question:
An insurance agent talks to three customers each day. Her probability of making a sale in the first meeting with a customer is .2. When she gets the second meeting with the same customer, the probability of making a sale increases to .8. In the past 2 days, this agent has talked to three customers twice.
What is the probability that she made no sales?
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Lets look at this problem step by step 1 The insurance agent talks to three customers each day 2 The ...View the full answer
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Ali Khawaja
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Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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