Refer to Table 11.14 in Exercise 11.88 that gives probabilities for the number of used cars a

Question:

Refer to Table 11.14 in Exercise 11.88 that gives probabilities for the number of used cars a sells in a day. What is the probability that the dealership sells no cars on three consecutive days? (Assume daily sales are independent.)

Table 11.14

3 х 0.29 0.3 0.17 |Р(х) 0.2 4. 2.

Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...

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