An insurance agent is successful in selling a life insurance policy to $$\(20 \%\)$$ 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 fol- lowing schemes should he use to do the simulation?

A.
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.
B.
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.
C.
Assign number 0 to successfully selling a policy to a customer and number 1 to failing to sell a policy to a customer.
D.
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.
E.
Assign number 20 to successfully selling a policy to a customer and numbers 1, 3, 5, 7, 9, 11, 13,15,17,19 to failing to sell a policy to a customer.
Statistics
AP
College Board
Exam No:AP Statistics Problem Set 11 Year:2024 Question No:APStatistics2024AP0455

Answer:

A

Knowledge points:

3.2 Introduction to Planning a Study
4.3 Introduction to Probability
4.7 Introduction to Random Variables and Probability Distributions

Solution:

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