80% to a savings acount and spend the other 20% his paycheck this week was 295. how much money will he put into his savings acou
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Answer:
The probability that it will take fewer than six customer contacts to clear the inventory is 0.8%.
Step-by-step explanation:
We have a probability of making an individual sale of p=0.15.
We have 4 units, so the probability of clearing the inventory with n clients can be calculated as:
As we see in the equation, n has to be equal or big than 4.
In this problem we have to calculate the probability that less than 6 clients are needed to sell the 4 units.
This probability can be calculated adding the probability from n=4 to n=6: