A direct marketing company believes that the probability of making a sale when a call is made to an individual's home is .02. The probability of making 2 or 3 sales in a sample of 20 calls is .0593.

Question

Quizplus · Accepted Answer

The probability of making 2 or 3 sales in 20 calls can be calculated using the binomial probability formula, and the given probability of .0593 is consistent with such a calculation for a binomial distribution with p = 0.02 and n = 20.

A Direct Marketing Company Believes That the Probability of Making