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Suppose that a manager of a large apartment complex provide the following probability estimates about the number of vacancies that will exist next month Vacancies:
Suppose that a manager of a large apartment complex provide the following probability estimates about the number of vacancies that will exist next month
Vacancies: 3 4 5 6 7 8
Probability: 0.05 0.15 0.35 0.25 0.10 0.10
a. List one possible outcome from the above random experiment.
Provide the probability of each of the following events:
b. No vacancies
c. At most four vacancies
d. Two or more vacancies
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