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

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Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9780273767060

8th Global Edition

Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne

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