simulation

lostagn

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Joined
Jan 17, 2006
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can anyone help me with this one ....
*usually telemarketers only make a sale to 20% of the people they call. Describe a simulation that can be used to model how may sales would be made if a telemarketer calls 18 people in an hour. what is the estimated probability that, out of 18 people called, there would be no sales? What is the average number of sales made each hour?
 
It's hard to say what simulation to suggest without knowing what you are using. It could be rolling dice, flipping a coin, a random number table, a calculator or computer with a random number generator...
20% of 18 = 3.6 sales per hour.
The probability of not selling is .8 so for 18 calls no sales would be .8^18 or about 2%
 
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