Olaf Motors, Inc., is a car dealer in a small southern town. Based on an analysis of its sales history, the managers know that on any single day the number of Prius cars sold can vary from 0 to 5. How can the probability distribution function shown in Table 4.2 be used for inventory planning?

Transcribed Image Text:

Table 4.2 Probability Distribution Function for Automobile Sales x P(x) F(x) 0 0.15 0.15 123 0.30 0.45 0.20 0.65 0.20 0.85 4 0.10 0.95 5 0.05 1.00