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A life insurance salesman sells on the average 3 life insurance
Probability question from Poisson distribution.
A life insurance salesman sells on the average 3 life insurance policies per week. Calculate the probability that in a given week he will sell Some policies, 2 or more policies but less than 5 policies, Assuming that there are 5 working days per week, what is the probability that in a given day he will sell one policy? Solve the question using Excel.