An Insurance Agent Has Appointments with Four Prospective Clients Tomorrow

question 43

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 one out of five. Using the rules of probability,what is the likelihood that the agent will sell a policy to three of the four prospective clients?

• A)0.250
• B)0.500
• C)0.410
• D)0.026

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Definitions:

Rutherford Hayes

The 19th President of the United States (1877–1881), known for his efforts to reconcile the divisions left over from the Civil War and Reconstruction.

Reconstruction Policies

Refers to the strategies and laws implemented in the United States, particularly in the South, following the Civil War, aimed at reintegrating Confederate states and addressing the rights of freed slaves.

Enforcement Acts

The Enforcement Acts were a series of laws passed by Congress in the early 1870s to protect African Americans' rights and to combat the activities of the Ku Klux Klan and similar groups in the Reconstruction South.

Ku Klux Klan

A white supremacist group that has advocated for the white dominance, anti-immigration, and segregationist policies in the United States since its formation in the 19th century.