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Author Question: A salesperson contacts eight potential customers per day. From past experience, we know that the ... (Read 133 times)

altibaby

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on: Jun 24, 2018
A salesperson contacts eight potential customers per day. From past experience, we know that the probability of a potential customer making a purchase is 0.10.
 a. Define the random variable in words for this experiment.
  b. What is the probability the salesperson will make exactly two sales in a day?
  c. What is the probability the salesperson will make at least two sales in a day?
  d. What percentage of days will the salesperson not make a sale?
  e. What is the expected number of sales per day?

Question 2

A model in the form of y = 0 + 1z1 + 2z2 + . . . +pzp +  where each independent variable zj (for j = 1, 2, . . ., p) is a function of xj . xj is known as the
 a. general linear model
  b. general curvilinear model
  c. multiplicative model
  d. multiplicative curvilinear model


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Athena23

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Reply #1 on: Jun 24, 2018
Answer to Question 1

a. x = the number of sales made out of 8 contacts
b. 0.1488
c. 0.1869
d. 43.05
e. 0.8

Answer to Question 2

A


altibaby

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Reply #2 on: Jun 24, 2018
Correct answers!


Athena23

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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