SOLUTION: Jim is a real estate agent who sells large commercial buildings. Because his commission is so large on a
single sale, he does not need to sell many buildings to make a good living
Algebra.Com
Question 1138565: Jim is a real estate agent who sells large commercial buildings. Because his commission is so large on a
single sale, he does not need to sell many buildings to make a good living. History shows that Jim has a
record of selling an average of eight large commercial buildings every 275 days. In a 60-day period, what
is the probability that Jim will make no sales?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
8/275 as x/60, 275x=480
x=1.75
use that as a Poisson parameter
Probability of 0 is e^(-1.75)*1.75^0/0!=0.1738
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