An Insurance Agent Has Appointments with Four Prospective Clients Tomorrow

Multiple Choice

An insurance agent has appointments with four prospective clients tomorrow. From past experience
The agent knows that the probability of making a sale on any appointment is 1 out of 5. Using the
Rules of probability, what is the likelihood that the agent will sell a policy to 3 of the 4 prospective
Clients?

A) 0.250
B) 0.500
C) 0.410
D) 0.026