Question: Question 1 5 Compute the average time it takes to sell a car in the country discussed below. A high - end luxury car manufacturer

Question 15
Compute the average time it takes to sell a car in the country discussed below.
A high-end luxury car manufacturer sells 17,000 cars per year to four dealerships in four
regions of a country. Assume 50 weeks per year.
Out of this total sale, 20% of the cars are sold in North-Region, 21% are sold in East-Region,
20% 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, 22% of the cars are in the dealership in North-Region, 21% 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.
 Question 15 Compute the average time it takes to sell a

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 General Management Questions!