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In: Math
1. Igor Beaver is a salesman for Planet of the Grapes, a medium sized winery near...
1. Igor Beaver is a salesman for Planet of the Grapes, a medium sized winery near Solvang. Igor is going on a sales trip visiting 10 restaurants throughout Southern California. Historically, Igor convinces 30% of the restaurants he visits to stock and sell his wine. a. What is the expected number of restaurants that Igor will close a sale on this trip? b. Find the variance. What is the probability that on this sales trip Igor make sales at c. 4 restaurants or less? d. Between 2 and 4 restaurants? e. Exactly 4 restaurants? f. At least 5 restaurants? g. Igor gives each new client a gift. How many gifts should he take on the trip to be at least 99% sure that he has enough? h. Find and plot the probability distribution and cumulative distribution using Excel.
Solutions
milcah answered 1 year agoRelated Solutions
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