Explore BrainMass

Explore BrainMass

    Chances of making a sale on a phone call

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Assume the probability that you will make a sale on any given phone call is 0.78. Find the probability that you (a) make your first sale on the 4th call, (b) make your first sale on the first, second, third, or fourth call, and (c) you do not make a sale on one of the first 4 calls.

    © BrainMass Inc. brainmass.com June 3, 2020, 7:19 pm ad1c9bdddf
    https://brainmass.com/statistics/probability/chances-of-making-a-sale-on-a-phone-call-93555

    Attachments

    Solution Summary

    The solution shows how to calculate the chances of making a sale on your phone calls based on binomial probabilities.

    $2.19

    ADVERTISEMENT