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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. 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

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

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.3: Conditional Probability; Independent Events; Bayes' Theorem
Problem 65E
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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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