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)
Algebra ->
Probability-and-statistics
-> 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)
Log On
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
