Exercise

Simulating sales deals

Assume that Amir usually works on 3 deals per week, and overall, he wins 30% of deals he works on. Each deal has a binary outcome: it's either lost, or won, so you can model his sales deals with a binomial distribution. In this exercise, you'll help Amir simulate a year's worth of his deals so he can better understand his performance.

Instructions 1/3

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1
- Set the random seed to 10 and simulate a single deal.
2
- Simulate a typical week of Amir's deals, or one week of 3 deals.
3
- Simulate a year's worth of Amir's deals, or 52 weeks of 3 deals each, and store in deals.
- Calculate the mean number of deals he won per week.