Suppose the probability an Insurance salesman makes a sale (the probability of success) is 0.6....
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Suppose the probability an Insurance salesman makes a sale (the probability of success) is 0.6. Would you use a binomial distribution or geometric distribution to determine the probability that the salesman makes the first sale on the third presentation? What Is that probability?binomial; 0.096geometric; 0.096binomial; 0.144geometric: 0.144
Suppose the probability an Insurance salesman makes a sale (the probability of success) is 0.6. Would you use a binomial distribution or geometric distribution to determine the probability that the salesman makes the first sale on the third presentation? What Is that probability?binomial; 0.096geometric; 0.096binomial; 0.144geometric: 0.144
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