A Salesperson Contacts Eight Potential Customers Per Day

question 113

Short Answer

A salesperson contacts eight potential customers per day. From past experience, we know that the probability of a potential customer making a purchase is .10.
a.What is the probability the salesperson will make exactly two sales in a day?
b.What is the probability the salesperson will make at least two sales in a day?
c.What percentage of days will the salesperson not make a sale?
d.What is the expected number of sales per day?

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Definitions:

Individual

A single human being distinct from a group, society, or community.

Ideologies

A framework of thoughts and principles, specifically one that establishes the foundation for policies and theories in politics or economics.

Ruling Class

The social class that decides upon and sets the major policies, owning the majority of wealth, and holds the primary power in a society.

Capitalist Ideologies

A set of beliefs that value the free market and the role of private enterprise in driving economic and social progress.