According to hybrid cars. com, the market share of hybrid cars in the United States in February
Question:
According to hybrid cars. com, the market share of hybrid cars in the United States in February 2013 is 3.4%. Consider a random sample of 20 cars in the United States.
a. Use the binomial distribution to determine the probability that there are no hybrid cars from this sample.
b. Use the binomial distribution to determine the probability that there are less than two hybrid cars from this sample.
c. Use the Poisson distribution to determine the probability that there are no hybrid cars from this sample.
d. Use the Poisson distribution to determine the probability that there are less than two hybrid cars from this sample.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a P0 20 b c d P020 20 2000 20 2000 20 0034 0966 2005007 ...View the full answer
Answered By
Sarfraz gull
have strong entrepreneurial and analytical skills which ensure quality tutoring and mentoring in your international business and management disciplines. Over last 3 years, I have expertise in the areas of Financial Planning, Business Management, Accounting, Finance, Corporate Finance, International Business, Human Resource Management, Entrepreneurship, Marketing, E-commerce, Social Media Marketing, and Supply Chain Management.
Over the years, I have been working as a business tutor and mentor for more than 3 years. Apart from tutoring online I have rich experience of working in multinational. I have worked on business management to project management.
3+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
