SOLUTION: Life insurance salesman meets his prospective customers separately. At each meeting, he makes the same effort to persuade the prospective client to be insured. The vendor's un

Question 1183651:
Life insurance salesman meets his prospective customers separately. At each meeting, he makes the same effort to persuade the prospective client to be insured. The vendor's understanding after a long term in the insurance business is that the probability of persuading the customer to be insured (probability of success) is 0,1. What is the probability in 4 trials to insure one of them?
Answer by ikleyn(52949) (Show Source): You can put this solution on YOUR website!
.


It is the binomial distribution probability problem.


The formula and the answer are


    P =  =  = 0.2916.

Solved.

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To see many other similar (and different) solved problems on the binomial distribution, look into the lessons
- Simple and simplest probability problems on Binomial distribution
- Typical binomial distribution probability problems
in this site.

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