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In: Statistics and Probability

A supplier of heavy construction equipment has found that new customers are normally obtained through customer...

A supplier of heavy construction equipment has found that new customers are normally obtained through customer requests for a sales call and that the probability of a sale of a particular piece of equipment is 0.4. If the supplier has six pieces of the equipment available for sale, what is the probability that it will take fewer than eight customer contacts to clear the inventory? (Round your answer to four decimal places.)

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orchestra answered 1 year ago
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