question archive The table computes the probabilities dependent on one another for making a sale

The table computes the probabilities dependent on one another for making a sale

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The table computes the probabilities dependent on one another for making a sale.

Data from Excel 1st P 2nd p 3rd P 4th P P

Bert 0.7 0.6 0.5 0.4 ?

Riley 0.56 0.51 0.46 0.41 ?

 

Explain the probability of Bert and Riley making a sale on the fourth call.

Bert record is closing on the first call 70% of the time, with the probability of a sale dropping 10% with each successive call. Riley record closing on the first call 56% of the time, with the probability of a sale dropping 5% with each successive call.

pur-new-sol

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