SOLUTION: a sales representative has a 65 % chance of winning an order. the sales representative approaches 5 potential customers. what is the probability that he will make orders from a)

Question 995608: a sales representative has a 65 % chance of winning an order. the sales representative approaches 5 potential customers. what is the probability that he will make orders from
a) all the 5 potential customers
b) at least 2 potential customers
c) not more than 4 customers.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
a. (0.65^5)=0.116
b. 1-P(0)-P(1) (complement rule)
P(0)=0.35^5=0.0053
P(1)=5(0.35)^4)(0.65), 5 different ways it can happen=0.0488
1-0.0493=0.9507
c. This is the 1-probability of 5=1-0.116=0.884
RELATED QUESTIONS
A sales representative for a stereo store has the option of a monthly salary of $2700 or... (answered by ewatrrr)

A sales representative for a stereo store has the option of a monthly salary of $2700 or... (answered by rfer)

A manager wishes to determine the relationship between the number of miles (in hundreds... (answered by ewatrrr)

Hi. Can you please help me with this question!!! Sixty percent of a company's sales... (answered by Theo)

Don, an office equipment sales representative, earns a weekly salary plus a commission on (answered by duckness73)

Don Lavigne, an office equipment sales representative, earns a weekly salary plus a... (answered by richwmiller)

Don Lavigne, an office equipment sales representative, earns a weekly salary plus a... (answered by Theo)

A sales representative invests in a stock paying 9% dividends. A research consultant... (answered by addingup,TeachMath)

a sale representative works on a 10% straight commission in one month she received... (answered by Mini-)