Raymond B. answered 03/08/22
Math, microeconomics or criminal justice
average = .2 x 350 = 70
chance < 70 = 1/2 = 50%
chance exact 70 = 350C280 x [.2]^70[.8]^280 =350!/280! x [.2]^350[4]^280
Anto T.
asked 12/01/21A company's sales force makes 350 sales calls, with 0.20 probability that sale will be made on a call. What is the probability that fewer than 70 will be made (round to the nearest 4 decimal places)?
Raymond B. answered 03/08/22
Math, microeconomics or criminal justice
average = .2 x 350 = 70
chance < 70 = 1/2 = 50%
chance exact 70 = 350C280 x [.2]^70[.8]^280 =350!/280! x [.2]^350[4]^280
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