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Name: An insurance salesperson can sell policies to 15% of the people she co
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Description: An insurance salesperson can sell policies to 15% of the people she contacts. Suppose that she contacts 120 people during a 2 – week period, what is the expected value for the number of policies she tells?

Math

Probability

expected value

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Concept explainers

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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An insurance salesperson can sell policies to 15% of the people she contacts. Suppose that she contacts 120 people during a 2 – week period, what is the expected value for the number of policies she tells?

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