A Salesperson Found That There Was a 1% Chance of a Sale

question 59

Multiple Choice

A salesperson found that there was a 1% chance of a sale from her phone solicitations. Find the probability ofgetting 5 or more sales for 1000 telephone calls. Round the standard deviation to three decimal places to workthe problem.

• A) 0.9599
• B) 0.0401
• C) 0.8810
• D) 0.0871

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Definitions:

Treasury Department

A sector of government responsible for managing government revenue, producing currency, and implementing fiscal policy.

Federal Reserve System

The central banking system of the United States, responsible for nation's monetary policy by regulating the supply of money and interest rates.

National Security Archive

A non-profit organization that collects and publishes declassified documents obtained through the Freedom of Information Act, focusing on national security topics.

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