SOLUTION: I am looking for help regarding this problem please.
A mail order company has an 8% success rate. If it mails advertisements to 600 people, find the probability of getting less
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A mail order company has an 8% success rate. If it mails advertisements to 600 people, find the probability of getting less
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Question 630473: I am looking for help regarding this problem please.
A mail order company has an 8% success rate. If it mails advertisements to 600 people, find the probability of getting less than 40 sales. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! A mail order company has an 8% success rate. If it mails advertisements to 600 people, find the probability of getting less than 40 sales.
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Binomial Problem with n = 600 and p(success) = 0.08
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P(0<= x <40) = binomcdf(600,0.08,39) = 0.0977
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Cheers,
Stan H.
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