Question

In: Statistics and Probability

Assume that the representative will continue to make telephone calls until she makes 2 sales, gets...

Assume that the representative will continue to make telephone calls until she makes 2 sales, gets 5 tentative commitments, or fails to make a sale. Her log for the day consists of a list of calls, with sale, tentative commitment, or no sale noted for each. How many possible logs are there?

Solutions

Expert Solution

​​​​​​Solution-

Let n(S)= No. Of sales

n(F)=No. Of fails

n(T)=No. Of tentative


Related Solutions

Assume that the representative will continue to make telephone calls until she makes 2 sales, gets...
Assume that the representative will continue to make telephone calls until she makes 2 sales, gets 5 tentative commitments, or fails to make a sale. Her log for the day consists of a list of calls, with sale, tentative commitment, or no sale noted for each. How many possible logs are there?
In a telephone conversation with a sales representative of a linen company, the manager of a...
In a telephone conversation with a sales representative of a linen company, the manager of a hotel ordered $1,000 worth of sheets. Following the conversation, the manager wrote a memo to the file documenting the agreement, initialed it, and sent a copy to the sales representative. One of the linen company’s competitors learned of this contract and contacted the hotel to tell them that the sheets were poorly manufactured and that they should stop buying from the linen company and...
Consider the job of customer service representative who takes telephone calls from customers of a retailer...
Consider the job of customer service representative who takes telephone calls from customers of a retailer that sells online and through catalogs. HR is conducting job design on this job. What measures can an employer take to design this job to make it motivating? What measures can an employer take to design this job to make it ergonomic? Be specific and elaborate.
During the morning hours at a catalog sales department, telephone calls come in at the rate...
During the morning hours at a catalog sales department, telephone calls come in at the rate (Poisson) of 40 per hour. Calls that cannot be answered immediately are put on hold. The system can handle 8 callers on hold. If additional calls come in, they receive a busy signal. The 3 customer service representatives who answer the calls spend an average of 4 minutes with a customer (Please show how to calculate the trail and error in excel for part...
A company's sales force makes 500 sales calls, with 0.18 probability that a sale will be...
A company's sales force makes 500 sales calls, with 0.18 probability that a sale will be made on a call. What is the probability that less than 85 sales will be made? Enter your answer as a decimal value, rounded to 4 decimal places.
87. Eloise is a sales representative for a video production company. While at an exposition, she...
87. Eloise is a sales representative for a video production company. While at an exposition, she incurs $2,000 in entertainment expenses and $1,200 for meals. The expenses occur while she is discussing business and Eloise makes an adequate accounting to her employer and is reimbursed $1,200. How much may Eloise deduct if her AGI is $40,000? a. $- 0 - b. $1,200 for AGI and $200 from AGI. c. $1,200 for AGI and $2,000 from AGI. d. $- 0 -...
A telephonist claims that he gets 10 calls every five minutes. To demonstrate this to his boss he makes a tape lasting five minutes. What are the probabilities that he gets:
Question 7A telephonist claims that he gets 10 calls every five minutes. To demonstrate this to his boss he makes a tape lasting five minutes. What are the probabilities that he gets:(a) no calls in the five minutes; (2)(b) less than three calls; and (5)(c) exactly 10 calls? (2) [9] Question 8Assume that matric marks are standardised to have a mean of 52% and a standard deviation of 16% (and assume that they have a normal distribution). In a class...
A life-insurance company claims that 10% of the sales calls their agents make result in a...
A life-insurance company claims that 10% of the sales calls their agents make result in a successful sale. Which of the following is the correct null and alternative hypotheses to test for this claim? Multiple Choice H0 : ? = 0.10; Ha : ? ? 0.10 H0 : ? ? 0.10; Ha : ? = 0.10 H0: ? ? 0.10; Ha : ? < 0.10 H0 : ? ? 0.10; Ha : ? > 0.10
company, claims that the sales representatives makes an average of 20 calls per week on professors....
company, claims that the sales representatives makes an average of 20 calls per week on professors. Several representatives say that the estimate is too low. To investigate, a random sample of 28 sales representatives reveals that the mean number of calls made last week was 44 and variance is 2.41. Conduct an appropriate hypothesis test, at the 5% level of significance to determine if the mean number of calls per salesperson per week is more than 40. (a)     Provide the hypothesis...
What are the sales objectives for the new Sales Representative? 8-2. What role will the compensation...
What are the sales objectives for the new Sales Representative? 8-2. What role will the compensation design play in motivating the new Sales Representative? 8-3. What kind of sales incentive plan do you recommend? Why?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT