A local car dealership provided weekly car sales data. They asked you to determine the expected monetary value of sales for the year. Season Seasonal…

Total
1
EMV=$220,000
 What is the expected monetary value of yearly sales?
A.   $150,000
B.   $190,000
C.   $220,000
D.   $300,000
Only 15% of the customers who come to the dealership actually purchase a car. What is the probability that exactly two randomly selected customers in ten will purchase a car? 
A.   0.1389
B.   0.1987
C.   0.2342
D.   0.2759
 The local car dealership determined the average number of customers arriving in an hour is 8.3. What is probability that exactly six customers will arrive at the dealership between 2:00 p.m. and 3:00 p.m. tomorrow?
A.   0.1228
B.   0.1599
C.   0.3677
D.   0.645
Assume the average number of customers arriving is 8.3 and hour. What is the probability that at least six customers will arrive between 2:00 p.m. and 3:00 p.m. tomorrow?
A.   0.0012
B.   0.1132
C.   0.2781
D.   0.3667
 
“Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!”

 

"Is this question part of your assignment? We Can Help!"

Essay Writing Service