Question

A car dealership (which is opened 7 days a week) sells an average of 4 cars...

A car dealership (which is opened 7 days a week) sells an average of 4 cars in a day. Assume the number of cars sold each day is independent from any other day. The number of cars sold on any given day can be approximated with a Poisson distribution. Find the probability that the car dealership will sell 6 cars tomorrow.

A) 28

B) 0.1107

C) 0.8958

D)4

E) 0.8893

F) 0.1042

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Motors is a small car dealership. On​ average, it sells a car for $27,000​, which it...
Motors is a small car dealership. On​ average, it sells a car for $27,000​, which it purchases from the manufacturer for $23,000. Each​ month, Garrett Motors pays $48,200 in rent and utilities and $68,000 for​ salespeople's salaries. In addition to their​ salaries, salespeople are paid a commission of $600 for each car they sell. Garrett Motors also spends $13,000 each month for local advertisements. Its tax rate is 40​%. Read the requirements How many cars must Garrett Motors sell each...
A car dealership sells 0, 1, or 2 luxury cars on any day. When selling a...
A car dealership sells 0, 1, or 2 luxury cars on any day. When selling a car, the dealer also tries to persuade the customer to buy an extended warranty for the car. Let X denote the number of luxury cars sold in a given day, and let Y denote the number of extended warranties sold. 
 

 P(X = 0,Y = 0) = 1/6; P(X = 1,Y = 0) = 1/12; P(X = 1,Y = 1) = 1/6;
 P(X = 2,Y...
A used car salesperson claims that the probability of he selling a used car to an...
A used car salesperson claims that the probability of he selling a used car to an individual looking to purchase a used car is 60% and this probability does not vary from individual to individual.  Suppose 5 individuals come to speak to this salesperson one day.  If his belief is correct, The probability (to 4 decimal places) that he will sell a car to the first individual he speaks to is _____ The probability (to 4 decimal places) that he will not...
Question Seven A used car salesperson claims that the probability of he selling a used car...
Question Seven A used car salesperson claims that the probability of he selling a used car to an individual looking to purchase a used car is 60% and this probability does not vary from individual to individual. Suppose 5 individuals come to speak to this salesperson one day. If his belief is correct, The probability (to 4 decimal places) that he will sell a car to the first individual he speaks to is _____ The probability (to 4 decimal places)...
A vendor sells merchandise through Amazon and Ebay. On Ebay she sells an average rate of...
A vendor sells merchandise through Amazon and Ebay. On Ebay she sells an average rate of 2 items per day, while on Amzaon the daily average is 3. Both sales follow a Poisson distribution and are independent of each other. What is the probability that she sells 5 items on a given day? 0.189 is not correct
A car delearship sells only 5 models of cars. Over time, they have identified the probability...
A car delearship sells only 5 models of cars. Over time, they have identified the probability of a customer buying a car. They only sell for the sticker price, no negotiating. . The probability distribution for the purchases of customers visiting the dealership is given below. Model A B C D E No Sale Price $20,000 $22,000 $25,000 $30,000 $40,000 $0 Probability 0.04 0.07 0.11 0.03 0.02 0 .73 a) (3 pts) Make a probability distribution for a worker’s comission,...
An average of 3 life insurance policies are sold per week in an insurance agency. In...
An average of 3 life insurance policies are sold per week in an insurance agency. In a certain week with the assumption of conformity to the Poisson distribution, a) the probability of selling more than 1 and less than 5 policies b) Considering that a week consists of 5 working days, find the possibility of selling 1 policy on a given day.
Motivation Level Talent High Medium Low Total High 6 18 6 Medium 21 35 6 Low...
Motivation Level Talent High Medium Low Total High 6 18 6 Medium 21 35 6 Low 12 6 2 Total Q1. Are high motivation and high talent independent? Justify your answer. Adrian sells cars for Honest Joe’s car dealership. Adrian has never sold more than three cars in a given week. Given X is the number of cars sold by Adrian in a week, the probability distribution of X is summarized in the following table: X 0 1 2 3...
There is an average of 60 accidents per month (specifically 30 days) along a relatively busy...
There is an average of 60 accidents per month (specifically 30 days) along a relatively busy area of the California Thruway. Assuming that the daily number of accidents follows a Poisson distribution and that the number of accidents on different days are independent, determine the following: A. The probability that there will be fewer than three accidents tomorrow. B. The probability of exactly three accidents on June 17 and two accidents on June 19.
Now that the new models are available, a car dealership has lowered the prices on last...
Now that the new models are available, a car dealership has lowered the prices on last year’s models in order to clear its holdover inventory. With prices slashes, a salesman estimates the following probability distribution of X, the total number of cars that he will sell next week: X P(X) 0 0.05 1 0.15 2 0.35 3 0.25 4 0.20 What are the “expected value” and “standard deviation” of X?   Be sure to show your work? If I were to...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT