An Insurance Agent Has Appointments with Four Prospective Clients Tomorrow

question 35

Multiple Choice

An insurance agent has appointments with four prospective clients tomorrow. From past experience the agent knows that the probability of making a sale on any appointment is 1 out of 5. Using the rules of probability, what is the likelihood that the agent will sell a policy to 3 of the 4 prospective clients?

• A) 0.250
• B) 0.500
• C) 0.410
• D) 0.026
• E) None of the choices are correct

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Definitions:

Dissociative Identity Disorder

A disorder characterized by the presence of two or more distinct personality states or identities that control an individual's behavior in different situations.

Before 1980

Referring to events or conditions that occurred prior to the year 1980.

Diagnostic Category

A class of medical or psychological conditions defined by a specific set of symptoms and criteria.

Dissociative Identity Disorder

A complex psychological condition characterized by the presence of two or more distinct personality states within a single individual.