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MMLU / An insurance agent is successful in selling a life insurance policy to 20…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

An insurance agent is successful in selling a life insurance policy to 20 percent of the customers he contacts. He decides to construct a simulation to estimate the mean number of customers he needs to contact before being able to sell a policy. Which of the following schemes should he use to do the simulation?

choices

  1. Assign numbers 0, 1 to successfully selling a policy to a customer and numbers 2, 3, 4, 5, 6, 7, 8, 9 to failing to sell a policy to a customer.
  2. Assign numbers 0, 1 to successfully selling a policy to a customer and numbers 2, 3, 4 to failing to sell a policy to a customer.
  3. Assign number 0 to successfully selling a policy to a customer and number 1 to failing to sell a policy to a customer.
  4. Assign numbers 0, 1, 2, 3, 4 to successfully selling a policy to a customer and numbers 5, 6, 7, 8, 9 to failing to sell a policy to a customer.

subject

high_school_statistics

Discussion

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Source and history

task_id
a93a16c6-4554-5bd5-b3da-1a9095ec8db3
task_key
all--test--a93a16c6-4554-5bd5-b3da-1a9095ec8db3
task_revision_id
1
config / split
all / test

Official source

initial import