Question
In: Math
q3. The probability a car salesman sells a car to a customer is 0.05 Assuming the...
q3. The probability a car salesman sells a car to a customer is 0.05 Assuming the salesmen sees 12 customers in a week, what is the probability he sells less than 2 cars? Write answer using three decimal places
q4. The Jones family was one of the first to come to the U.S. They had 6 children. Assuming that the probability of a child being a girl is .5, find the probability that the Jones family had: at least 2 girls? at most 2 girls?
Solutions
milcah answered 1 hour agoRelated Solutions
The probability that a customer will buy a new car and an extended warranty is 0.16. If the probability that a customer..
The probability that a customer will buy a new car and an extended warranty is 0.16. If the probability that a customer will purchase a new car is 0.30, find the probability that the customer will also purchase the extended warranty
A company purchases a salesman a car for $40,000; the salesman pays $2,000 for an upgraded...
A company purchases a salesman a car for $40,000; the salesman
pays $2,000 for an upgraded sound system to make his time on the
road more pleasant. The car has an expected salvage value of $2,000
and an expected life of 4 years or 200,000 miles.
During the first year the car was driven 45,000 miles, during
the second year 40,000 miles and 50,000 miles the 3rd year
Please show the annual depreciation expense for years 1, 2, 3
using...
George has a car worth $10,000. With probability 0.05, George will have an accident and the...
George has a car worth $10,000. With probability 0.05, George
will have an accident and the car will only be worth $6,000. If
George has a utility function u(x) = x0.5, what price of insurance
will make George just indifferent between taking out insurance and
not taking insurance? (a.) 122 (b.) 224 (c.) 287 (d.) 301
A life insurance salesman sells on average 5 life insurances policies per week. Calculate the probability...
A life insurance salesman sells on average 5 life insurances
policies per week. Calculate the probability that in a given week
he will sell
Less than 3
2 or more, but no less than 6 policies
You are negotiating to buy a new car with a car salesman at a local dealer....
You are negotiating to buy a new car with a car salesman at a
local dealer. You have negotiated the price to $35,000. You have
$5,000 to put towards the down payment and plan to get a loan for
the rest. If you can get an annual interest rate of 11 percent APR
(with monthly compounding) over a 5-year period, what would be your
monthly payment? Round it to two decimal place (cents), e.g.,
234.56.
You are negotiating to buy a new car with a car salesman at a local dealer....
You are negotiating to buy a new car with a car salesman at a
local dealer. You have negotiated the price to $31,000. You have
$3,000 to put towards the down payment and plan to get a loan for
the rest. If you can get an annual interest rate of 5 percent APR
(with monthly compounding) over a 5-year period, what would be your
monthly payment? Round it to two decimal place (cents)
A smooth used-car salesman is offering you a great deal on a “preowned” car. He says, “For...
A smooth used-car salesman is offering you a great deal on a
“preowned” car. He says, “For only five annual
end-of-the year payments of $2,180, the beautiful 2016 Honda Civic
can be yours.” If you can borrow money a 5.47%, what is
the price of the car? If you are to make the payment at
the beginning of the year, what is the price of the car?
A salesman normally makes a sale (closes) on 75% of his presentations. Assuming the presentations are...
A salesman normally makes a sale (closes) on 75% of his
presentations. Assuming the presentations are independent, find
the probability of each of the following.
a) He fails to close for the first time on his fifth
attempt.
b) He closes his first presentation on his fourth attempt.
c) The first presentation he closes will be on his second
attempt.
d) The first presentation he closes will be on one of his first
three attempts.
A manufacturer of game controllers...
write a conversation between a salesman convincing a customers to buy mercedes car
write a conversation between a salesman convincing a customers to
buy mercedes car
A car salesman tells you that the model you are looking at gets on average 36...
A car salesman tells you that the model you are looking at gets
on average 36 miles per gallon overall (highway and street driving)
with a standard deviation of 4 miles per gallon. He also tells you
that 20% of the cars get at
least 44 miles per gallon.
a. ( Do you think this is a normal distribution? Explain why or why
not. (there is no one right answer for this)
b. Analyze the salesman's statement mathematically. Is he...
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