Which Model Would You Use to Describe the Probability That

question 57

Multiple Choice

Which model would you use to describe the probability that a call-center operator will make the first sale on the third call, assuming a constant probability of making a sale?

• A)Binomial
• B)Poisson
• C)Hypergeometric
• D)Geometric

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Definitions:

Coupons

Vouchers entitling the holder to a discount off a particular product or service.

Favored Customers

Customers who receive preferential treatment from sellers, often through better prices, terms, or product availability.

Misallocation

The inefficient distribution of resources in an economy.

Rationing Coupons

Documents or electronic vouchers used to limit the consumption of resources or goods, particularly during shortages.