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IN AN EXCEL FILE USING EXCEL FUNCTIONS CALCULATIONS SHOW FORMULAS IN CELL PLEASE 1) In a typical month, an insurance agent presents life insurance plans to 40 potential Historically, one in four such customers chooses to buy life insurance from this agent. You may treat this as a binomial experiment. a. What is the probability of success for this problem? b. What is the total number of trials in this problem? c. Create a probability distributio n table which includes the value for the random variable and the probability of each possible outcome of the random variable. Also create the cumulative d. What is the probability that exactly five customers will buy life insurance from this agent in the e. What is the probability that no more than 10 customers will buy life insurance from this agent in f. What is the probability that at least 20 customers will buy life insurance from this agent in the g. Determine the mean and standard deviation of the number of customers who will buy lif h. What is the probability that the number of customers who buy life insurance from this agent in probability column. coming month? the coming month? coming month? insurance from this agent in the coming month? the coming month will lie within two standard deviations of the mean?
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