Question
In: Statistics and Probability
Kaiser Permanente has salespeople to call potential clients to see if they will use their insurance....
Kaiser Permanente has salespeople to call potential clients to see if they will use their insurance. There's a 5% chance a call will result in them starting a new insurance plan. After 200 calls, what’s the probability that a salesperson getting AT LEAST 12 customers to start a new insurance plan? Use the binomial distribution function in Excel to answer this question.
Solutions
Expert Solution
Here p=0.05 is same for all, n=200 is constant, events are independent and only two outcomes
Hence properties of binomial are satisfied
So we will find probability using binomial excel function
orchestra answered 2 years agoRelated Solutions
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