Choosing the Right Probability Type for a Special Marketing Program

[azdick]

I am not sure which type of probability equation to use for the following problem:
A business has represented 3600 clients over a 20 year period with a 100% success ratio. The clients use a Special marketing program that increases their income without costing them money. The program uses a group package of 5 Root disciplines and a package of 6 Governing disciplines, when grouped together they form the marketing program. Which probability equation do I use to show future clients what their probability of success will be? I need to beable to write the equation out completely.

Any help would be great. Even better would be the equation in its complete form.
Thank you for any help you may render. AZDick

 

[Valkarie]

The probability equation that would be used in this case is the binomial probability equation. The binomial probability equation is used to calculate the probability of a success or failure outcome in a series of independent events. It is written as P(x) = (n!/[x!(n-x)!])*p^x*(1-p)^(n-x), where n is the number of independent trials, x is the number of successes, and p is the probability of success in a single trial. In this case, n = 3600 (the number of clients over the 20 year period), x = 3600 (the number of successful outcomes), and p = 1 (the 100% success ratio). Therefore, the equation can be written as P(x) = (3600!/(3600!*0!))*1^3600*(1-1)^(3600-3600), which simplifies to P(x) = 1.