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In a typical week, an insurance agent of XYZ Company presents life insurance plan to 16 potential customers.
In a typical week, an insurance agent of XYZ Company presents life insurance plan to 16 potential customers. Historically 1 in 5 of such potential customers chose to buy life insurance plan from this agent. Find the following for XYZ for the next week.What is the probability that no more than 6 customers sign up? [4 points]What is the probability that at least 5 customers sign up? [4 points]What is the probability that less than 4 customers sign up? [4 points]What is the probability that more than 3 but less than 8 sign up? [4 points]In excel How many customers are expected to sign up? What is the standard deviation of the number customers signing up? [4 points]
