In: Math
According to the National Automobile Dealers Assoc., 75% of U.S. car dealers' profits comes from repairs and parts sold. However, many of the dealerships' service departments aren't open evenings or weekends. The percentage of dealerships opened during the evenings and weekends are as follows:
Time Dealerships are open | Percentage of Dealerships |
Weekends but not evenings | 37.5 |
Evenings but not weekends |
13.2 |
Both evenings and weekends | 11.3 |
a. Are the listed times mutually exclusive?
b. What is the probability that a car dealership selected at random is not open in the evenings or on the weekends?
c. Suppose two car dealerships, say, Dealership A and Dealership B, are each selected at random from car dealerships in the United States. What is the probability that both are open in the evenings but not on the weekends, or that both are open on the weekends but not in the evenings?
d. For the two dealerships in part c, what is the probability that Dealership A is open in the evenings but not on the weekends, and Dealership B is open on the weekends but not in the evenings?
e. For the two dealerships in part c, what is the probability that one of them is open in the evenings but not on the weekends, and that the other is open on the weekends but not in the evenings?