A long-distance taxi service owns four vehicles. These are of different ages and have different repair records.

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A long-distance taxi service owns four vehicles. These are of different ages and have different repair records. The probabilities that, on any given day, each vehicle will be available for use are 0.95, 0.90, 0.90, and 0.80.
Whether one vehicle is available is independent of whether any other vehicle is available.
a. Find the probability distribution for the number of vehicles available for use on a given day.
b. Find the expected number of vehicles available for use on a given day.
c. Find the standard deviation of the number of vehicles available for use on a given day. Distribution
The 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...
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Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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