An insurance salesman visits up to three clients each day, hoping to sell a new policy. He stops for the day once he mak

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An Insurance Salesman Visits Up To Three Clients Each Day Hoping To Sell A New Policy He Stops For The Day Once He Mak 1 (117.97 KiB) Viewed 78 times

An insurance salesman visits up to three clients each day, hoping to sell a new policy. He stops for the day once he makes a sale. Each client independently decides whether to buy a policy; 7% of clients purchase the policy. (a) Create a probability model for the number of clients the salesman visits each day. (b) Find the expected number of clients. 1 (c) If the salesman spends about 3. hours with each client, then how many hours should he expect to be busy each day? 2 (d) If the salesman earns $3,000 per sold policy, how much can he expect to make per day? (a) Let X denote the number of clients visited each day. P(X = 1) = p(X = 2) = p(X = 3) = clients. (b) The expected number of clients is (Round to two decimal places.) hours per day. (c) He should expect to be busy (Round to two decimal places.) per day. (d) He can expect to make $ (Round to the nearest dollar.)