Step 1 :The problem is asking for the probability of different scenarios given a success probability of 0.14 for each call.
Step 2 :For part (a), we are asked to find the probability that the first sale is made on the fifth call. This is a geometric distribution problem. The formula for the geometric distribution is \(P(X=k) = (1-p)^{(k-1)} * p\), where p is the probability of success, k is the number of trials until the first success, and \(P(X=k)\) is the probability that the first success occurs on the kth trial.
Step 3 :Using the formula, we find that \(P_a = 0.0765811424\).
Step 4 :For part (b), we are asked to find the probability that a sale is made on the first, second, or third call. This is a binomial distribution problem. The formula for the binomial distribution is \(P(X=k) = C(n, k) * p^k * (1-p)^{(n-k)}\), where p is the probability of success, n is the number of trials, k is the number of successes, and \(P(X=k)\) is the probability of k successes in n trials. However, since we are looking for the probability of a sale on the first, second, or third call, we need to sum the probabilities for k=1, k=2, and k=3.
Step 5 :Using the formula, we find that \(P_b = 0.36394400000000005\).
Step 6 :For part (c), we are asked to find the probability that no sale is made on the first three calls. This is also a binomial distribution problem, but in this case, we are looking for the probability of 0 successes in 3 trials, so k=0.
Step 7 :Using the formula, we find that \(P_c = 0.636056\).
Step 8 :Final Answer: (a) The probability that you make your first sale on the fifth call is approximately \(\boxed{0.077}\). (b) The probability that you make your sale on the first, second, or third call is approximately \(\boxed{0.364}\). (c) The probability that you do not make a sale on the first three calls is approximately \(\boxed{0.636}\).