Question: Compute the average time it takes to sell a car in the country discussed below. A high-end luxury car manufacturer sells 22,000 cars per year
Compute the average time it takes to sell a car in the country discussed below.
A high-end luxury car manufacturer sells 22,000 cars per year to four dealerships in four regions of a country. Assume 50 weeks per year.
Out of this total sale, 30% of the cars are sold in North-Region, 23% are sold in East-Region, 11% are sold in West-Region, and the rest are sold in South-Region.
On average there are 1,000 cars of this manufacturer in all dealerships.
Out of this total inventory, 19% of the cars are in the dealership in North-Region, 30% is in East-Region, 11% is in West-Region, and the rest is in South-Region.
Compute the average time it takes to sell a car in this country. Enter your answers in terms of weeks with ONE decimal point.
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