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? |