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Consider n independent trials of an experiment in which each trial has two possible outcomes, success or failure. The probability of a success on each trial is p and the probability of a failure is q = 1 - p. In this context, the term nCkpkqnk_{n} C_{k} p^{k} q^{n-k} in the expansion of (p+q)n(p + q)^n gives the probability of k successes in the n trials of the experiment. The probability of a sales representative making a sale to any one customer is 13\frac{1}{3}. The sales representative makes eight contacts a day. To find the probability of making four sales, evaluate the term 8C4(13)4(23)4_{8} C_{4}\left(\frac{1}{3}\right)^{4}\left(\frac{2}{3}\right)^{4} in the expansion of (13+23)8\left(\frac{1}{3}+\frac{2}{3}\right)^{8}

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Answered 2 years ago
Answered 2 years ago
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In this task we have to calculate the probability of making four sales where the sales representative makes eight contacts a day.

We can find that probability by evaluating the term

8C4(13)4(23)4_{8}C_{4}\left(\frac{1}{3}\right)^{4}\left(\frac{2}{3}\right)^{4}

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