Industry standards suggest that 10% of new vehicles require warranty service within the first year. Jones Nissan

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Industry standards suggest that 10% of new vehicles require warranty service within the first year. Jones Nissan in Sumter, South Carolina, sold 12 Nissans yesterday.

a. What is the probability that none of these vehicles requires warranty service?

b. What is the probability exactly one of these vehicles requires warranty service?

c. Determine the probability that exactly two of these vehicles require warranty service.

d. Compute the mean and standard deviation of this probability distribution.

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 11:50 AM

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Industry standards suggest that 10% of new vehicles require warranty service within the first year. Jones Nissan

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Statistical Techniques in Business and Economics

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