From Actuarial Math A telemarketer of an insurance company makes repeated calls to persons on a computer generated list. The probability of making a sale on any individual call is p= 0.1. Successive calls are independent. Let N be the number of unsuccessful calls before the first sale. What is the probability of making exactly 5 unsuccessful calls before (a) the third sale is made? (b) Find E(N) and Var(N) using E(N) = rß and Var(N) = rß(1+ B). %3D

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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From Actuarial Math
A telemarketer of an insurance company makes repeated calls to persons on a
computer generated list. The probability of making a sale on any individual call is
p= 0.1. Successive calls are independent. Let N be the number of unsuccessful
calls before the first sale.
What is the probability of making exactly 5 unsuccessful calls before
(a)
the third sale is made?
(b)
Find E(N) and Var(N) using E(N) = rß and Var(N) = rß(1+ B).
%3D
Transcribed Image Text:From Actuarial Math A telemarketer of an insurance company makes repeated calls to persons on a computer generated list. The probability of making a sale on any individual call is p= 0.1. Successive calls are independent. Let N be the number of unsuccessful calls before the first sale. What is the probability of making exactly 5 unsuccessful calls before (a) the third sale is made? (b) Find E(N) and Var(N) using E(N) = rß and Var(N) = rß(1+ B). %3D
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