The industry standards suggest that 9% of new vehicles require warranty service within the first year....

The industry standards suggest that 9% of new vehicles require warranty service within the first year. A dealer sold 30 Nissans yesterday. What is the probability that 3 of these vehicles require warranty service? (3 decimal places)

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orchestra answered 2 years ago

Industry standards suggest that 9 percent of new vehicles require warranty service within the first year....

Industry standards suggest that 9 percent of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 11 Nissans yesterday. ( Round your mean answer to 2 decimal places and the other answers to 4 decimal places) What is the probability that none of these vehicles requires warranty service? What is the probability exactly one of these vehicles requires warranty service? Determine the probability that exactly two if these vehicles require warranty service. Compute...

Industry standards suggest that 7 percent of new vehicles require warranty service within the first year....

Industry standards suggest that 7 percent of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 9 Nissans yesterday. (Round your mean answer to 2 decimal places and the other answers to 4 decimal places.) a. What is the probability that none of these vehicles requires warranty service? b. What is the probability at exactly one of these vehicles requires warranty service? c. Determine the probability that exactly two of these vehicles require...

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An industry will require the purchase of $675,000 in new equipment. The company expects to sell...

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Surpasser Corp. is considering a new product that would require an investment of $9 million at...

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