Question #138840
The probability that a salesman makes a sale on a visit to a prospective client is 0.2. What is
the probability that, in 2 visits, of:
i) making no sales
ii)making more than one sale
1
Expert's answer
2020-10-18T17:40:37-0400

solution


Probability of success p=0.2p=0.2


Let XX be the number of sales made out of the 2 attempts.



P(X=x)= nCxpx(1p)nxP(X=x) =\ _nC_x * p^x *(1-p)^{n-x}

Part i) making no sales


P(X=0)P(X=0)


= 2C00.20(0.8)2=0.64=\ _2C_0 * 0.2^0 *(0.8)^{2}= 0.64

answer: 0.64


Part ii) making more than 1 sale


P(X>1)=P(X=2)P(X>1) = P(X=2)


= 2C20.22(0.8)0=0.04=\ _2C_2 * 0.2^2 *(0.8)^{0}= 0.04


answer: 0.04



Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!
LATEST TUTORIALS
APPROVED BY CLIENTS