The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day. Probability 0.10 0.15 0.20 0.30 0.20 0.05 When the salesperson makes a sale, there are three possible sales levels: large, medium, and small. The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. The probability on a given day that the salesperson will make one sale and that it is medium is 0.09. Sales 0 1 2 3 4 5 True False

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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The following probability distribution was subjectively assessed for the number of
sales a salesperson would make if he or she made five sales calls in one day.
Sales
0
1
2
3
4
5
Probability
0.10
0.15
0.20
0.30
0.20
0.05
When the salesperson makes a sale, there are three possible sales levels: large,
medium, and small. The probability of a large sale is 0.20 and the chance of a
medium sale is 0.60. The probability on a given day that the salesperson will make
one sale and that it is medium is 0.09.
True
False
Transcribed Image Text:The following probability distribution was subjectively assessed for the number of sales a salesperson would make if he or she made five sales calls in one day. Sales 0 1 2 3 4 5 Probability 0.10 0.15 0.20 0.30 0.20 0.05 When the salesperson makes a sale, there are three possible sales levels: large, medium, and small. The probability of a large sale is 0.20 and the chance of a medium sale is 0.60. The probability on a given day that the salesperson will make one sale and that it is medium is 0.09. True False
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