Sign up  |  Log in

Binomial Distribution (Wiley Study Guide)

https://drive.google.com/open?id=1psPdwdZlbPSkbwLzMWjz_3hIji0xgiO-

Can someone explain if the answer is 29% (which i believe to be correct) or .829%?

The last paragraph has confused me as making ‘exactly’ 3 sales is the same as making ‘only’ 3 sales, isnt it?

Thanks

Kick start your CFA® Program prep with Top Instructors you’ll love and a course that offers free updates until you pass – We’ve got you covered.

The probability of one specific combination is 0.829%. Multiply by all possible combinations to get 29%.

“Mmmmmm, something…” - H. Simpson