SOLUTION: Records indicate that I will make a sale on 70% of my sales calls. If I call 4 potential clients, what is the probability that I make exactly three sales? What is the probability t

Question 1177290: Records indicate that I will make a sale on 70% of my sales calls. If I call 4 potential clients, what is the probability that I make exactly three sales? What is the probability that I will make exactly four sales?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!


Hi
Binomial distribution: p(sale) = .70   and q(no sale) = .30
n = 4
Using calculator:
P(x = 3) = binompdf(n, p, x-value) =  binompdf(4, .7, 3) = .4116
P(x = 4) = binompdf(4, .7, 4) = .2401
0r
By Hand:   
Wish You the Best in your Studies.

RELATED QUESTIONS
Gary schwartz is the top saleman for his company. records indicate that he makes a sle on (answered by stanbon)

If a salesman makes a sale on 70% of his sales calls. If he calls four potential clients, (answered by stanbon)

I am a salesperson & I close on 70% of all my sales. If I call on 4 sales, what is the... (answered by jim_thompson5910,Theo)

Please help with these questions urgently. Question 4 (7 marks = 1 + 1 + 1 + 1 + 1 + 1 (answered by psbhowmick)

A salesman from his records figures shows that probability of sales on first call is 0.7... (answered by greenestamps)

Please help me solve thhis question: A salesperson has a policy of calling upon a... (answered by Theo)

Assume the probability that you will make a sale on any given telephone call is 0.150.15. (answered by Boreal)

a telemarketer makes a sale on 48% of his calls. if he makes a total of 12 calls in one... (answered by stanbon)

A salesperson has a policy of calling upon a customer a second time if she does not make... (answered by mathmate)