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A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.15 . If the supplier has two pieces of the equipment available for sale, what is the probability that it will take fewer than four customer contacts to clear the inventory? (Round your answer to four decimal places.)

A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.15 . If the supplier has two pieces of the equipment available for sale, what is the probability that it will take fewer than four customer contacts to clear the inventory? (Round your answer to four decimal places.)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.15 . If the supplier has two pieces of the equipment available for sale, what is the probability that it will take fewer than four customer contacts to clear the inventory? (Round your answer to four decimal places.)

A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.15. If the supplier has two pieces of the equipment available for sale, what is the probability that it will take fewer than four customer contacts to clear the inventory? (Round your answer to four decimal places.)
Transcribed Image Text:A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.15. If the supplier has two pieces of the equipment available for sale, what is the probability that it will take fewer than four customer contacts to clear the inventory? (Round your answer to four decimal places.)
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