4.19 A company specializes in installing and servicing central-heating furnaces. In the prewinter period, service calls may
Question:
4.19 A company specializes in installing and servicing central-heating furnaces. In the prewinter period, service calls may result in an order for a new furnace. The following table shows estimated probabilities for the numbers of new furnace orders generated in this way in the last two weeks of September.
Number of orders 0 1 2 3 4 5 Probability 0.10 0.14 0.26 0.28 0.15 0.07
a. Graph the probability distribution function.
b. Calculate and graph the cumulative probability distribution.
c. Find the probability that at least 3 orders will be generated in this period.
d. Find the mean of the number of orders for new furnaces in this 2-week period.
e. Find the standard deviation of the number of orders for new furnaces in this 2-week period.
Application Exercises
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780273767060
8th Global Edition
Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne