Author Question: The following probability distribution was subjectively assessed for the number of sales a ... (Read 106 times)

Haya94

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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

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Answer to Question 1

TRUE

Answer to Question 2

D



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