Question: Following table shows the data from 50 weeks on Air-filter sales of an Auto-repair shop in the mid-west. Number of filters sold in a week

Following table shows the data from 50 weeks on Air-filter sales of an Auto-repair shop in the mid-west.

Number of filters sold in a week

Number of weeks this number was sold

4

6

5

5

6

9

7

12

8

8

9

7

10

3

  1. For the above table, calculate the probabilities and cumulative probabilities for the number of filters sold in a week.
  2. Simulate the shop's filter sales for a period of 2 years (104 weeks).
  3. What is the average number of sales based on your simulation?
  4. What is the expected number of sales based on the probabilities you calculated in part (a). Are they same as your answer for part c? Why/ Why not?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

Following table shows the data from 50 weeks on Air-filter sales of an Auto-repair shop in the midwest. Number of filters sold in a week Number of weeks this number was sold 4 5 5 7 6 11 7 14 8 11 9...

Q:

6.1. Carbondale Company has the following credit policy 2/10, net 30. Carbondale also charges 1% per month interest on all accounts after 30 days. The following table shows the collection schedule of...

Q:

Resources:Appendix A, The Home Depot, Inc. Annual Report inFundamentals of Financial Accounting Writea 1,050- to 1,750-word paper in which you address the following:...

Q:

1 At the Wilmington Trust Bank, on average 8 customers arrive per hour at the drive-through window. What is the probability that, in any hour, less than 8 will arrive? Round your answer to 4...

Q:

The objective of the Homework assignment is to provide an opportunity to apply or practice the tools and techniques covered in the course and to provide an opportunity to articulate key concepts...

Q:

I'm looking to see if someone can help me with this homework. I have attached the documents that are needed. I'm not good with financial reports. Thanks the home depot annual report 2012 AnnuAl...

Q:

My tutor that I Have been using for the past 5 weeks bailed on me with an assignment due tomorrow by 9PM Central USA time. There is 3 weeks left in this course. I am looking for someone that is...

Q:

X Vfx B C D E F G H I J K M N P Q R S T U V W X Z AA Critical Ratio = Problem 8: The ACE Machine Company is considering using a prority scheduling rule in its fabrication Order Slack = shop and must...

Q:

W03 Lesson 5: Summarizing Data Question 11 pts The table below shows the number of kilograms of fruit harvested each day. What is the mean fruit harvest for one day? Round to one decimal place. Day...

Q:

Midterm Examination Questions - Spring 2016 1. The final examination grades of random samples of students from three different classes are shown below. Class A Class B Class C 92 91 85 85 85 93 96 90...

Q:

Assume that each member of the truss is made of steel having a mass per length of 4kg/m. Set P = 0, determine the force in each member, and indicate if the members are in tension or compression....

Q:

After the death of Lennie Pope, his will was read. It contained the following provisions: $110,000 in cash goes to decedents brother, Ned Pope. Residence and other personal property go to his...

Q:

I can I create an argument of why I am studying K - 1 2 principals who did not succeed during the COVID - 1 9 pandemic versus K - 1 2 principals who had success?

Q:

The ledger of LaRussa Corporation at December 31, 2010, contains the following summary data. Net sales ......... $1,700,000 Cost of goods sold ..... $1,100,000 Selling expenses ........ 120,000...

Q:

A block of mass m is connected to two springs of force constants k1 and k2 as shown in Figures P15.71a and P15.71b. In each case, the block moves on a frictionless table after it is displaced from...

Q:

Barnish Corporation issued the following statement of cash flows for 2012. (a) Compute free cash flow for Barnish Corporation. (b) Explain why free cash flow often provides better information than...

Q:

On January 1, 2010 (the date of grant), Lutz Corporation issues 2,000 shares of restricted stock to its executives. The fair value of these shares is $75,000, and their par value is $10,000. The...

Q:

A 8.00.kg block of ice, released from rest at the top of a 1.50-m-long frictionless ramp, slides downhill, reaching a speed of 2.50 m/s at the bottom. (a) What is the angle between the ramp and the...

Q:

Determine if the overhead allocated to the product relates to a single plantwide overhead rate method, multiple production department factory overhead rate method, or activity-based costing...

Q:

3. What arc some possible impli..ations for the way U.S. comPo1nies will oranile lheir out SQurcing activities in the future?

Q:

1. How has the joh of an Avon I-lldy been "hanging:" For example. how have ('hanging tu,lOmer needs, demographics. IT. and so on affecled the job?

Q:

2. As a result of these chang"s, whm kinds of OB i,sue, must Avon's mallag"rs deal with to nlotiv"le ill1d coordinMe ils 486.(J!Xl-slrong sale,foree today?