A home seller makes phone calls to potential customers. The probability of selling on each call is 0 .0 2. C. How likely is it that the first sale will occur after more than 5 calls if 3 calls have already been made without success?d. The cost of each call is S /. 1.5. If a call is not a sale the next one costs S / .2.0. Find the expected cost of the number of calls you make until you get your first sale
A home seller makes phone calls to potential customers. The probability of selling on each call is 0 .0 2. C. How likely is it that the first sale will occur after more than 5 calls if 3 calls have already been made without success?d. The cost of each call is S /. 1.5. If a call is not a sale the next one costs S / .2.0. Find the expected cost of the number of calls you make until you get your first sale
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
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A home seller makes phone calls to potential customers. The probability of selling on each call is 0 .0 2.
C. How likely is it that the first sale will occur after more than 5 calls if 3 calls have already been made without success?
d. The cost of each call is S /. 1.5. If a call is not a sale the next one costs S / .2.0. Find the expected cost of the number of calls you make until you get your first sale
d. The cost of each call is S /. 1.5. If a call is not a sale the next one costs S / .2.0. Find the expected cost of the number of calls you make until you get your first sale
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