Question:A
cell phone retailer offers insurance plans to it's customers that
provide protection if their phone...
Question
A
cell phone retailer offers insurance plans to it's customers that
provide protection if their phone...
A
cell phone retailer offers insurance plans to it's customers that
provide protection if their phone is lost or actually damage. Sara
is a sales representative for Verizon and has sold the insurance
plan to 90% of her customers. if Sarah has sold cell phones to 25
customers this week, answer the following questions using the
binomial tables
a) What is the mean number of insurance plans?
b) What is the variance and standard deviation?
c) What is the probability that exactly 20 customers purchase
the insurance plan?
d) What is the probability that 20 or more customers will
purchase the insurance?
e) What is the probability that 24 or fewer will purchase the
insurance plan?