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:

Agency Relationship

The association between one party and an agent who acts on behalf of that party.

Electronic Contracts

Legal agreements that are created, signed, or exchanged electronically, such as those accepted via click-through agreements on websites.

Respondeat Superior

A legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of the employment or agency.

Liable

Subject to legal responsibility or obligation.