A Telemarketer Knows That, on Average, He Is Able to Make

question 20

Essay

A telemarketer knows that, on average, he is able to make three sales in a 30-minute period. Suppose the number of sales he can make in a given time period is Poisson distributed.
A) What is the probability that he makes exactly four sales in a 30-minute period?
B) What is the probability that he makes at least two sales in a 30-minute period?
C) What is the probability that he makes five sales in an hour-long period?

• A) What is the probability that he makes exactly four sales in a 30-minute period?
• B) What is the probability that he makes at least two sales in a 30-minute period?
• C) What is the probability that he makes five sales in an hour-long period?

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Definitions:

Outcome/Input Ratio

A concept related to equity theory, referring to the proportion of rewards (outcomes) received relative to contributions (inputs) in a social exchange or workplace context.

Equity Theory

A theory of motivation that suggests individuals are motivated by a sense of fairness in their interactions and compensation.

Inputs And Outcomes

In the context of organizations, inputs refer to the resources used to produce goods or services, while outcomes are the results of the organization's efforts.

Procedural Justice

Procedural justice refers to the fairness of the processes used to make decisions and resolve disputes or grievances.