Fifty percent of the customers who go to Sears Auto Center for tires buy four tires and
Question:
a. Find the expected value and the standard deviation of the number of tires a customer buys.
b. If Sears Auto Center makes a $15 profit on every tire it sells, what is its expected profit if it services 120 customers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (21 reviews)
Let X be the number of tires a customer buys a P X 1 P X 2 P X 0 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
Question Posted:
Students also viewed these Statistics questions
-
A company asserts that 80% of the customers who purchase its special lawn mower will have no repairs during the first two years of ownership. Your personal study has shown that only 70 of the 100...
-
List the balance characteristics of the customers who have made purchases during the current invoice cyclethat is, for the customers who appear in the INVOICE table. The results of this query are...
-
Suppose 50 percent of the customers at Pizza Palooza order a square pizza, 80 percent order a soft drink, and 40 percent order both a square pizza and a soft drink. Is ordering a soft drink...
-
Another liability that employers have is that of unemployment insurance. Class, let's talk about this a little more. At what levels are unemployment liabilities incurred? What are some additional...
-
For each of the following four debts amortized by equal payments made at the end of each payment interval, compute (a) The size of the periodic payments; (b) The interest paid, principal repaid, and...
-
Facts: Matthew Gabriel was a student in Professor Pumos immunology class. Professor Pumos syllabus outlined course requirements and stated that plagiarism will not be tolerated. After grading the...
-
Subsidiaries of First of America, a major commercial bank, have made loans to First of America directors and executive officers. The loans totaled \($56,965,000\) at December 31, 1999 (3.6 percent of...
-
DiPaolos inventory, purchases, and sales for March and April follow. The company closes its books at the end of each month. It uses the periodic inventory system. Required 1. Compute the cost of the...
-
Huston has a beginning balance in inventory of 400 units at @ $4.20 per unit. A record of transactions for the month of May was as follows: Purchases Sales May # Cost May # Sales Price 4 1,300 @$4.10...
-
Mr Andersen Mr Andersen has just returned to the facility after being in hospital. He recently had a fall and sprained his right hand. He has been having sessions with the physiotherapist to regain...
-
A professor uses a relative scale for grading. She announces that 60% of the students will get at least a B, with 15% getting As. Also, 5% will get a D and another 5% will get an F. Assume that no...
-
Rent-to-own (RTO) stores allow consumers immediate access to merchandise in exchange for a series of weekly or monthly payments. The agreement is for a fixed time period. At the same time, the...
-
Which of the following statements is/are likely to be correct? (i) Land and buildings have a shorter useful life than plant and equipment. (ii) Purchases of non-current (fixed) assets are greater...
-
A good is produced with total cost 7Q^3-4Q^2+10Q. It must be produced in whole numbers. What is the minimum efficient scale for production (use exel)
-
If private sector firms provide public services, funded by public money, what effect does this have on the public sector borrowing requirement and the level of efficiency in the macro economy
-
What impact does the integration of digital tools and platforms have on organizational structures, particularly in relation to remote work and virtual collaboration ?
-
If gross income is $100, consumption is $50 and depreciation is $20, what is the change in wealth in that period? What is the discount rate?
-
Sol, Inc. manufactures and sells solar chargers for $60 each. Variable costs are $40 per unit, and fixed costs total $120,000. How many solar chargers must Sol sell to earn a net income of $280,000?
-
Suppose the relative humidity is 80% on a day when the temperature is 30.0C. (a) What will the relative humidity be if the air cools to 25.0C and the vapor density remains constant? (b) What is...
-
A fast-food restaurant averages 150 customers per hour. The average processing time per customer is 90 seconds. a. Determine how many cash registers the restaurant should have if it wishes to...
-
Derive expressions for the orbital speed and energy for a satellite of mass \(m_{\mathrm{s}}\) traveling in a circular orbit of radius \(a\) around a planet of mass \(m_{\mathrm{p}} \gg...
-
Given the accompanying data, use Excels function options to find the sample covariance and the sample correlation coefficient.
-
In an attempt to determine whether a linear relationship exists between the price of a home (x in $1,000s) and the number of days it takes to sell the home (y), a real estate agent collected the...
-
A sample space S yields three mutually exclusive and exhaustive events, A, B, and C, such that P(A) = 0.25 and P(A B) = 0.70. a. Find P(C). b. Find P(BC). c. Find P(A C).
-
. What is one direct way in which children impact their own acculturation? How does the example you chose show the child's impact? . What is one indirect way in which children impact their own...
-
Suppose demand for domestic airline tickets is given by P = 800 - 3Q and supply is given by P = 10 + 2Q. The government, in an attempt to encourage Australians to consider driving instead of flying,...
-
You've been an entry-level financial analyst for six months. Your supervisor plans to fill another entry-level financial analyst position on your team. Your supervisor has asked you come up with a...
Study smarter with the SolutionInn App