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QUESTION

# A local car dealership provided weekly car sales data. They asked you to determine the expected monetary value of sales for the year. Season Seasonal...

Total

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EMV=\$220,000

What is the expected monetary value of yearly sales?

A.   \$150,000

B.   \$190,000

C.   \$220,000

D.   \$300,000

Only 15% of the customers who come to the dealership actually purchase a car. What is the probability that exactly two randomly selected customers in ten will purchase a car?

A.   0.1389

B.   0.1987

C.   0.2342

D.   0.2759

The local car dealership determined the average number of customers arriving in an hour is 8.3. What is probability that exactly six customers will arrive at the dealership between 2:00 p.m. and 3:00 p.m. tomorrow?

A.   0.1228

B.   0.1599

C.   0.3677

D.   0.645

Assume the average number of customers arriving is 8.3 and hour. What is the probability that at least six customers will arrive between 2:00 p.m. and 3:00 p.m. tomorrow?

A.   0.0012

B.   0.1132

C.   0.2781

D.   0.3667