An insurance representative has appointments with four prospective clients. From past experience, she knows the probability of making a sale on any appointment is 0.20. What is the probability that she will sell a policy to three of the four prospective clients? What is the probabilty she sells to more than two?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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An insurance representative has appointments with four prospective clients. From past experience,
she knows the probability of making a sale on any appointment is 0.20. What is the probability that she
will sell a policy to three of the four prospective clients? What is the probabilty she sells to more than
two?
Transcribed Image Text:An insurance representative has appointments with four prospective clients. From past experience, she knows the probability of making a sale on any appointment is 0.20. What is the probability that she will sell a policy to three of the four prospective clients? What is the probabilty she sells to more than two?
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