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:

External Supply

Refers to the availability of resources or goods from outside the organization.

Demographic Trends

Observations and predictions related to changes in the statistical characteristics of populations over time, such as age, race, or gender distributions, which can impact workplace dynamics.

Trend Projection Forecasting

A statistical technique that uses historical data to predict future outcomes by identifying and analyzing past trends.

Extrapolation

The process of estimating, beyond the original observation range, the value of a variable on the basis of its relationship with another variable.