# Question

A business student is searching for a used car to purchase, so she posts an ad to a website saying she wants to buy a used Jeep between $18,000 and $20,000. From Kelly’s BlueBook.com, she learns that there are 149 cars matching that description within a 30-mile radius of her home. If we assume that those are the people who will call her and that they are equally likely to call her:

a) What is the probability that the first caller will be a Jeep Liberty owner?

b) What is the probability that the first caller will own a Jeep Liberty that costs between $18,000 and $18,999?

c) If the first call offers her a Jeep Liberty, what is the probability that it costs less than $19,000?

d) Suppose she decides to ignore calls with cars whose cost is >$ 19,000. What is the probability that the first call she takes will offer to sell her a Jeep Liberty?

a) What is the probability that the first caller will be a Jeep Liberty owner?

b) What is the probability that the first caller will own a Jeep Liberty that costs between $18,000 and $18,999?

c) If the first call offers her a Jeep Liberty, what is the probability that it costs less than $19,000?

d) Suppose she decides to ignore calls with cars whose cost is >$ 19,000. What is the probability that the first call she takes will offer to sell her a Jeep Liberty?

## Answer to relevant Questions

The CEO of a mid-sized company has to relocate to another part of the country. To make it easier, the company has hired a relocation agency to help purchase a house. The CEO has 5 children and so has specified that the house ...Given independent random variables, X and Y, with means and standard deviations as shown, find the mean and standard deviation of each of the variables in parts a to d. a) X – 20 b) 0.5T c) X + Y d) X-Y Replacing the buttons with snaps increases the probability of a flaw to 0.003, but the inspector can check 70 shirts an hour (still with 6 snaps each). Now what is the probability she finds no snap flaws? A grocery supplier believes that the mean number of broken eggs per dozen is 0.6, with a standard deviation of 0.5. You buy 3 dozen eggs without checking them. a) How many broken eggs do you expect to get? b) What’s the ...A collector purchased a quantity of action figures and is going to sell them on eBay. He has 19 Hulk figures. In recent auctions, the mean selling price of similar figures has been $12.11, with a standard deviation of $1.38. ...Post your question

0