A Sales Firm Receives an Average of Three Calls Per

question 29

Multiple Choice

A sales firm receives an average of three calls per hour on its toll-free number. For any given hour, find the probability that it will receive at least three calls. Use the Poisson distribution.

• A)0.5768
• B)0.1891
• C)0.4232
• D)0.6138

---

Definitions:

Special Expertise

Unique skills or knowledge in a particular field, making an individual or organization capable of performing tasks that require specialized understanding.

Quantitative Forecasting

A statistical approach to predict future events or outcomes based on numerical data and analysis.

Statistical Analyses

The process of collecting, reviewing, and interpreting data to make conclusions based on statistical methods.

Top-Level Manager

High-ranking executives responsible for the overall strategic direction and success of an organization, such as CEOs and CFOs.