Question

Questions 1-5 are related to the following You own a local company that has special equipment...

Questions 1-5 are related to the following
You own a local company that has special equipment for moving pianos. Your company has enough equipment to handle three pianos in a day. The number of requests to move pianos is a random variable with following distribution.
x f(x)
0 0.40
1 0.40
2 0.10
3 0.1
4 0.02
5 0.02
6 0.01
1 The probability of three (3) requests to move pianos is _______.
a 0.04
b 0.05
c 0.06
d 0.07
2 What is the probability that you will run out of equipment? That is, you receive three or more requests.
a 0.15
b 0.10
c 0.05
d 0.03
3 The probability that some of your equipment will be idle is ______.
a 0.50
b 0.80
c 0.90
d 0.95
4 What is the expected value of the number of requests?
a 0.99
b 1.01
c 1.03
d 1.05
5 What is the variance of the number of requests?
a 1.40
b 1.45
c 1.50
d 1.55

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