A life insurance salesperson makes 15 sales calls daily. The chance of making a sale on each call is 0.40. The probability that he will make at most 2 sales is less than 0.10.

Question

Quizplus · Accepted Answer

This is a binomial distribution problem with n=15 and p=0.40. To find the probability of making at most 2 sales, we need to calculate P(X ≤ 2). Using a calculator or binomial table, we find that P(X ≤ 2) = 0.168, which is greater than 0.10. Therefore, the statement is false.

A Life Insurance Salesperson Makes 15 Sales Calls Daily