an
insurance sales representative selects 3 policies to review. the
group of policies she can select...
an
insurance sales representative selects 3 policies to review. the
group of policies she can select from contains 6 life policies, 7
automobile policies, and 2 homeowner policies. How many ways can 2
life policies and 1 automobile policy be selected.
Solutions
Expert Solution
2 life policies and 1 automobile policy can be selected in 6C2 *
7C1
= 15*7 = 105 ways
Totally there are 6 + 7 + 2 = 15
3 policies can be selected from 15 policies in 15C3 ways = 455
ways
Selling
expensive insurance policies
Ahmad works for a life
insurance company as a sales representative. He has been working in
that company for more than five years. He has got good
communication and presentation skills. He has attended several
workshops on sales and marketing to enhance his skills. The company
is happy with his performance and gives good salary and commission
on the policies he sells.
Ahmad has several
plans to sell. One of the insurance products is a plan...
Selling expensive insurance policies
Ahmad works for a life insurance company as a sales
representative. He has been working in that company for more than
five years. He has got good communication and presentation skills.
He has attended several workshops on sales and marketing to enhance
his skills. The company is happy with his performance and gives
good salary and commission on the policies he sells.
Ahmad has several plans to sell. One of the insurance products
is a plan...
3. A psychologist is interested in the effects of
social pressure. She selects a group of 10 male
subjects at random from her introductory psychology course. Each
subject is asked to estimate by eye the length of a
stick under two conditions. In one condition,
the subject is placed in the presence of four other
persons who,
unknown to him, have been instructed to give estimates
that are too large. Each of
these persons...
A life insurance salesman works on commission. Suppose the
sales, on average, 3 policies per week.
a) What is the probability that he fails to sell any policies in
a week? b) What is the probability that he sells between 3 and 5
policies in one week. Note that for Poisson distributions, the mean
is proportional to the length of the interval. c) Given that a
work-week for the salesman is five days, what is the probability
that the insurance...
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 -...
From the seven male and ten female sales representative for an
insurance company a team of four men and three women will be
selected to attend a national conference. in how many ways can the
team of seven be selected?
Azaan has been working for an HDBL life insurance
company as a sales representative for
more than five years in Sur, Sultanate of Oman. He achieves his
targets on time because of
his product knowledge, good communication and presentation skills.
He regularly attends
several workshops on sales and marketing to enhance his marketing
and sales skills. HDBL
Life Insurance Company is happy with Azaan's performance and gives
him a good salary and
commission on additional sales.
Azaan has several general...
Azaan has been working for an HDBL life insurance company as a
sales representative for more than five years in Sur, Sultanate of
Oman. He achieves his targets on time because of his product
knowledge, good communication and presentation skills. He regularly
attends several workshops on sales and marketing to enhance his
marketing and sales skills. HDBL Life Insurance Company is happy
with Azaan's performance and gives him a good salary and commission
on additional sales. Azaan has several general...
Azaan has been working for an HDBL life insurance company as a
sales representative for more than five years in Sur, Sultanate of
Oman. He achieves his targets on time because of his product
knowledge, good communication and presentation skills. He regularly
attends several workshops on sales and marketing to enhance his
marketing and sales skills. HDBL Life Insurance Company is happy
with Azaan's performance and gives him a good salary and commission
on additional sales. Azaan has several general...