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Linda is a sales associate at a large auto dealership. At her commission rate of 25% of gross profit on each vehicle she sells, Linda
Linda is a sales associate at a large auto dealership. At her commission rate of 25% of gross profit on each vehicle she sells, Linda expects to earn 380 for each car sold and 440 for each truck or SUV sold. Linda motivates herself by using probability estimates of her sales. For a sunny Saturday in April, she estimates her car sales as follows: Cars sold 0 1 2 3 Probability 10.3 0.35 0.2 K Linda's estimate of her truck or SUV sales is Truck or SUV sold 0 1 2 Probability 0.35 0.5 0.15 Calculate: 1. the probability that Linda sells 3 cars in the day. Submit Answer Tries 0/5 2. the probability that Linda sells at most 2 cars in the day. Submit Answer Tries 0/5 3. the expected number of cars Linda sells for the day. Submit Answer | Tries 0/5 4. the expected number of trucks or SUVs Linda sells for the day. Submit Answer Tries 0/5E. Lindas best estimate of her earnings for the day. Submit Answer Tries DIE 6. the variance c-iC the number of cars Unda sells for the day. Submit Answer Tries DIE 7'. the variance c-iC the number of trucks or SUVs Linda sells for the clay. Submit Answer Tries DIE 8. the variance of Unda's earnings for the clay. Submit Answer Tries DIS Let X and Y be two random independent variables with uX = 150, ex = 20, |Jy = 360 and (IV = 21, find: 1. E(1)( 4Y+ 27(1):: Tries 0:5 2. Var(1 x 4 Y + 270) = E Tries 0:5 3. 50(1 x 4 Y + 270) = S Tries DIS
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