Ellise is a car dealer for Tesla’s Model X, which costs on average $100,000 and if...
-
Ellise is a car dealer for Tesla’s Model X, which costs on average $100,000 and if he sells a car he receives a 20% commission. However, the probability of the number of cars he sells in a given day follows a Pois(0.6). Assume independence. For all the questions I want to see your code and you output from R.
a. Find the probability that he sells more than 2 cars in a given day - b. Find the probability that he sells more than 60 cars in March 2020
- c. Find the expected value of the commission he will receive in March 2020.
Homework Answers
Add Answer to:
Ellise is a car dealer for Tesla’s Model X, which costs on
average $100,000 and if...
Question 5 12 pts A used car dealer has purchased 15 cars in an auction, of...
Question 5 12 pts A used car dealer has purchased 15 cars in an auction, of which unknown to him 6 of them have faulty fuel injectors and the rest are good. If his mechanic randomly selects n=3 of these cars for inspections, find the probability that he finds more than one of his selected cars have faulty fuel injections. 0.011 None of these 0.308 0.297 0.692 Next → • Previous hp
4) The result of a study says that children receive genes from their parents independently and...
4) The result of a study says that children receive genes from their parents independently and that each child has probability 0.15 of having blood type O. What is the mean and standard deviation of the number of blood type O children among 5? 5) A car dealer says that on average they sell 3 cars per day. Consider that the daily sales follow the Poisson distribution. a) Find the mean and the standard deviation of the daily sales of...
Create a C++ console application to calculate the salary of employees for a used car dealership....
Create a C++ console application to calculate the salary of employees for a used car dealership. Salary structure is based on draw against commission. The salespeople receive a commission based on their sales. However, they are guaranteed a minimum salary (draw). If the commission is more than this amount, they receive the commission, otherwise, they receive the draw. Calculate sales commission as follows: Below $10,000 sales: No commission From $10,000 up to $50,000: 1% commission From $50,000 up to $100,000:...
Sebastian owns a hobby shop. He sells model airplanes, trains, and cars. Sebastian earns $12 of...
Sebastian owns a hobby shop. He sells model airplanes, trains, and cars. Sebastian earns $12 of profit per airplane, $10 of profit per train, and $8 of profit per car. He has 1,000 square feet of showroom space. Each airplane takes 4 square foot, each train takes 5 square feet, and each car takes 3 square feet. However, he doesn’t want the shop to look too clutter and therefore doesn’t want more than 300 total items on display. He also...
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a...
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a full charge. Tesla dealers claim the time it takes to fully recharge depends on the percent depleted, but is approximately a normal random variable X with mean u = 2.5 hours and standard deviation o = 0.75 hour (on a 240-volt line). Suppose a random Tesla Model X is connected to a home recharging station. (c) If the amount of time to fully recharge...
Q: A car dealer sells X cars each day and always tries to sell an extended...
Q: A car dealer sells X cars each day and always tries to sell
an extended warranty on each of these cars. Let Y be the number of
extended warranties sold, then Y >= X. The joint pmf of X and Y
is given by:
**Please give the step by steps with details to
completely see how the solution came about.
1) The joint pmf of X and Y is given by: f(x,y) =
c(x+1)(4-x)(y+1)(3-y), x=0,1,2,3 y=0,1,2 with y
x....
A car manufacturer has determined it takes an average time of 53 minutes to produce a...
A car manufacturer has determined it takes an average time of 53 minutes to produce a car. The population standard deviation is assumed to be 7 minutes. The company pays a bonus to the workers for every car produced in 45 minutes or less. Assuming that the production time is normally distributed, answer the following questions. Let X = production time of a randomly selected car. (Round probabilities to four decimals and times to two decimals.) a) What is the...
A car manufacturer has determined it takes an average time of 58 minutes to produce a...
A car manufacturer has determined it takes an average time of 58 minutes to produce a car. The population standard deviation is assumed to be 7 minutes. The company pays a bonus to the workers for every car produced in 49 minutes or less. Assuming that the production time is normally distributed, answer the following questions. Let X = production time of a randomly selected car. (Round all probabilities to four decimals and times to two decimals) a) What is...
A car manufacturer has determined it takes an average time of 51 minutes to produce a...
A car manufacturer has determined it takes an average time of 51 minutes to produce a car. The population standard deviation is assumed to be 7 minutes. The company pays a bonus to the workers for every car produced in 43 minutes or less. Assuming that the production time is normally distributed, answer the following questions. Let X- production time of a randomly selected car. (Round probabilities to four decimals and times to two decimals.) a) What is the probability...
QUESTION 1 Your math professor receives several student emails each day. The probability model shows the...
QUESTION 1 Your math professor receives several student emails each day. The probability model shows the number of emails your professor receives from students in a given day. Feel free to use StatCrunch or other technology to find your solutions. Enter only the solutions into the spaces provided. # student emails 0 1 2 3 4 5 Probability 0.10 0.10 0.20 0.20 0.30 0.10 How many emails should your professor expect to receive daily? Round your result to the nearest...
Question 5 12 pts A used car dealer has purchased 15 cars in an auction, of which unknown to him 6 of them have faulty fuel injectors and the rest are good. If his mechanic randomly selects n=3 of these cars for inspections, find the probability that he finds more than one of his selected cars have faulty fuel injections. 0.011 None of these 0.308 0.297 0.692 Next → • Previous hp
The Tesla Model X is an electric car that can travel approximately 238-295 mi on a full charge. Tesla dealers claim the time it takes to fully recharge depends on the percent depleted, but is approximately a normal random variable X with mean u = 2.5 hours and standard deviation o = 0.75 hour (on a 240-volt line). Suppose a random Tesla Model X is connected to a home recharging station. (c) If the amount of time to fully recharge...
Q: A car dealer sells X cars each day and always tries to sell
an extended warranty on each of these cars. Let Y be the number of
extended warranties sold, then Y >= X. The joint pmf of X and Y
is given by:
**Please give the step by steps with details to
completely see how the solution came about.
1) The joint pmf of X and Y is given by: f(x,y) =
c(x+1)(4-x)(y+1)(3-y), x=0,1,2,3 y=0,1,2 with y
x....
A car manufacturer has determined it takes an average time of 51 minutes to produce a car. The population standard deviation is assumed to be 7 minutes. The company pays a bonus to the workers for every car produced in 43 minutes or less. Assuming that the production time is normally distributed, answer the following questions. Let X- production time of a randomly selected car. (Round probabilities to four decimals and times to two decimals.) a) What is the probability...
Most questions answered within 3 hours.
-
How would you train your employees to avoid risks of using
mobile devices?
asked 13 minutes ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 1 hour ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 4 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 4 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 5 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 7 hours ago