Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

25 The service manager for acar dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs

25
  1. The service manager for acar dealership reviewed sales records of the past 25 sales of new cars to determine the number of warranty repairs he will be called on to perform in the next 90 days. Corporate reports indicate that the probability any one of their newcars needs a warranty repair in the first 90 days is 0.02. The manager assumes that calls for warranty repair are independent of one another and is interested in predicting the number of warranty repairs he will be called on to perform in the next 90 days for this batch of 25 new cars sold.

    What is the probability that less than two of the 25 new cars sold will require a warranty repair in the first 90 days?
    a.

    0.911

    b.

    0.987

    c.

    0.308

    d.

    0.114

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra and Its Applications

Authors: David C. Lay

4th edition

321791541, 978-0321388834, 978-0321791542

More Books

Students also viewed these Mathematics questions

Question

1.what is rule of law? 2.The administrative body of government?

Answered: 1 week ago

Question

Write a short note on - JUDICIARY

Answered: 1 week ago