QMB 3200-an insurance agent of XYZ company presents life insurance

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January 7th, 2018

In excel: In a typical week, an insurance agent of XYZ company presents life insurance plan to 20 potential customers. historically 1 in 5 such customers choose to buy life insurance plan from this agent. find the following for XYZ for the next week.a) what is the probability that no more than 5 customers sign up.b) what is the probability that at least 3 customers sign up?c) what is the probability that less than 4 customers sign up?d) what is the probability that more than 4 but less than 8 sign up?e) how many customers are expected to sign up? What is the standard deviation of the number of customers signing up?

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