Question

Based on past experience, 20%20 \% of the contacts made by a firm's sales representatives result in a sale being made. Charlie has contacted 100 potential customers but has made only 10 sales. Assume that Charlie's contacts represent a simple random sample of those who could have been called upon. Given this information:

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Answered 1 year ago
Answered 1 year ago

Since the probability that a random sample of 100100 contacts will have a proportion of sales that is at most 0.100.10 is 0.00620.0062, then it means that it is unlikely to happen just by chance. Since Person 11 made it happen there must be a strong reason why it happened and it is not just by having a hard day. Therefore, I will not consider Person 11's explanation that he just had a bad day.

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