Formula for probability


A new company wants to establish name recognition in community consisting of sixty thousand households. The company's management team determines that five thousand of those families would do business with the company if they were contacted as well as informed of the services available. With that in mind, the company has hired staff of telemarketers to place one thousand calls. Write down a formula for probability that at least one hundred new customers will be identified.

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Basic Statistics: Formula for probability
Reference No:- TGS0851173

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