Find the probability to make exactly four sales

Assignment Help Basic Statistics
Reference no: EM13117069

Gary Schwartz is top saleman for his company. records indicate that he makes a sale on 70% of his sales calls. If he calls on four potential clients, what is the probability that he makes exactly 3 sales? What is the probability that he makes exactly 4 sales?

Reference no: EM13117069

Questions Cloud

Design a genetic experiment to test the hypothesis proposed : The wombat is an animal with two possible coat colors, brown or silver. It has been hypothesized that coat color is an x-linked trait. Sex determination in wombats is via a mechanism that is identical to sex determination in humans.
What should he charge for good : A price discriminating monopolist produces two products that exhibit the following price elasticities of demand and does anybody can have a dominant strategy? Explain.
What are the directions of the keratin fibrils in hair : Hair splits most easily along its fiber axis, whereas fingernails tend to split across the finger (sideways) rather than along it. What are the directions of the keratin fibrils in hair and in fingernails? Explain your answer in molecular terms.
Compute the acceleration of the system if the mass of block : Block B rests on a smooth inclined plane of 21 degrees and block A hangs vertically. Compute the acceleration of the system if the mass of block A is 1.08 kg and that of block B is 5.9 kg.
Find the probability to make exactly four sales : If he calls on four potential clients, what is the probability that he makes exactly 3 sales? What is the probability that he makes exactly 4 sales?
How many times more hydroxide ions are there in a sloution : How many times more hydroxide ions are there in a sloution with a pH of 9 then in a solution with a pH of 3.
Explain how you would select a sample of respondents : Explain how you would select a sample of respondents to answer the question of starting salary offers. What kind of nonsampling errors would you anticipate occurring with your approach, and how would you control for them?
Whether or not america’s political system is effective : Write short notes on  "whether or not America’s political system is effective,the state of the Ameican healthcare system'
What are the relative numbers of h2o+ and oh- ions : What are the relative numbers of H2O+ and OH- ions in an acidic, an alkaline, and a neutral solution.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Determining z-score of departmental store

A department store, on average, has daily sales of $29,876.76. The standard deviation of sales is $1000.00. On Tuesday, the store sold $34,893.71 worth of goods.

  Suspecting the tax payer

If the average tax payer who makes $140,000 per year owes the government $18,200 with a standard deviation of $1500, and the IRS receives a 1040 tax documents from a customer who earned $140,000 that claims he only owes $12,000, should the IRS sus..

  Aim and obejectives of factor analysis

Critically illustrate out the aim and obejectives of factor analysis? Critically illustrate out the aim and obejectives of Cluster analysis? Critically illustrate out the aim and obejectives of Multidimensional analysis?

  How to describe the standard normal distribution

Describe the standard normal distribution. Explain why it can be used to find probabilities for all normal distributions.

  Mean-median and mode for sets of graph-histogram

Calculate the mean, median and mode for both sets and do  graph/histogram to chart the results and conclude if indeed one set of year had more the other as far a snowfall.

  Some examples of descriptive statistics

Critically discuss some examples of descriptive statistics? Why are they used in research? What is a confidence interval?

  Average or media tariff

A recent study of the Greater Los Angeles Taxi Driver Association demonstrated that the average or media tariff that they charge from Hermosa Beach to the International Airport of Los Angeles is $18.00

  Determining confidence level-precise estimate is requested

95% confidence interval evaluate for proportion of Americans who believe Abraham Lincoln is United States' most outstanding President is 65% to 75%. If more precise estimate is requested, then confidence level.

  Creating a multiple bar graph of data

Projection are form the U.S. National Center for Education Statistics>. Create a multiple bar graph of data, and then explain any trends.

  Evaluate the data and determine process in control or not

For all questions, clearly explain/show your answers.  For the Analysis section, justify your answers with the appropriate graphs, statistics, equations, etc.

  Histogram with the probabilities

Find the probability of each value of X. Draw a histogram to display this distribution. (Because probabilities are long-run proportions, a histogram with the probabilities as the heights of the bars shows what the distribution of X would be in ver..

  The probability that return for common stocks

The article claims that the distributions of annual returns for both common stocks and long-term government bonds are bell-shaped and approximately symmetric. Assume that these distributions are distributed as normal random variables with the mea..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd