Author Question: The following probability distribution was subjectively assessed for the number of sales a ... (Read 76 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day.
 
  Sales Probability
  0 0.10
  1 0.15
  2 0.20
  3 0.30
  4 0.20
  5 0.05
 
  When the salesperson makes a sale, there are three possible sales levels: large, medium, and small. The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. The probability on a given day that the salesperson will make one sale and that it is medium is 0.09.
   Indicate whether the statement is true or false

Question 2

For constructing a p-chart, it is recommended that ________.
 
  A) a minimum of 100 samples be taken, each with a minimum sample size of 25
  B) a minimum of 10 samples be taken, each with a minimum sample size of 30
  C) a minimum of 1776 samples be taken, each with a minimum sample size of 74
  D) a minimum of 25 samples be taken, each with a minimum sample size of 100


lorealeza

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

TRUE

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

For a complete list of videos, visit our video library