An automobile dealership records the number of cars sold each day. The data are used in calculating

Question:

An automobile dealership records the number of cars sold each day. The data are used in calculating the following probability distribution of daily sales:

XP(x)

0 .....0.1

1 .....0.1

2 .....0.2

3 .....0.2

4 .....0.3

5 .....0.1

a. Find the probability that the number of cars sold tomorrow will be between two and four (both inclusive).

b. Find the cumulative distribution function of the number of cars sold per day.

c. Show that P(x) is a probability distribution.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

Question Posted: