SOLUTION: a telephone soliciting company obtains an average of 5 orders per 1000 solicitations. if the company reaches 250 potential customers, find the probability of obtaining at least 2 o
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Question 464383: a telephone soliciting company obtains an average of 5 orders per 1000 solicitations. if the company reaches 250 potential customers, find the probability of obtaining at least 2 orders. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! a telephone soliciting company obtains an average of 5 orders per 1000 solicitations. if the company reaches 250 potential customers, find the probability of obtaining at least 2 orders.
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Binomial Problem with n = 250 ; p = 0.005
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P{2<= x <= 250)
= 1 - P(0<= x <=1)
= 1 - binomcdf(250,0.005,1)
= 0.3556
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Cheers,
Stan H.
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