The Following Probability Distribution Was Subjectively Assessed for the Number

question 104

True/False

The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day.
Given this distribution,the probability that the number of sales is less than 2 is 0.15.

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Definitions:

Principal

In legal and financial contexts, the main party to a transaction or the original amount of money invested or loaned, before interest.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, thus not entitled to employee benefits and subject to different tax treatment.

Agent

A person who is authorized to act for or in the place of another person (the principal).

Principal

A primary actor or agent in a financial transaction, often used to describe the main party responsible for an obligation in a financial contract.