1. A little peek at the Autorama

Consider the 80.5 expected car buyer in the $45,000$55,000 income group from the Autorama case. Using the same assumptions we made for the case, determine the expected number of sales in each price bracket from this group. Hint: Use the normal distribution to determine the probability that someone in this group would buy a car in each price bracket. You may wish to do your calculations in a spreadsheet. Note: The price brackets are Less then 10,000, 10,000-20,000, 20,000-30,000, 30,000-40,000, More than 40,000.