4According to sales information in the first quarter of 2016, 2.5% of new vehicles sold in the United States were hybrids. This is downfrom 2.8% for the same period a year earlier. An analyst's review of the data indicates that the reasons for the sales decline include thelow price of gasoline and the higher price of a hybrid compared to similar vehicles. Let's assume these statistics remain the same for2017. That is, 2.5 percent of new car sales are hybrids in the first quarter of 2017. For a sample of 35 vehicles sold in the Richmond,Virginia, area:a. How many vehicles would you expect to be hybrid? (Round your answer to 3 decimal places.)Expected veloeb. Use the Poisson distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimalplaces.)Probebilityc. Use the binomial distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimelplaces.)ProbebilityNext4 of 10

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Asked Oct 14, 2019
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According to sales information in the first quarter of 2016, 2.5% of new vehicles sold in the United States were hybrids. This is down
from 2.8% for the same period a year earlier. An analyst's review of the data indicates that the reasons for the sales decline include the
low price of gasoline and the higher price of a hybrid compared to similar vehicles. Let's assume these statistics remain the same for
2017. That is, 2.5 percent of new car sales are hybrids in the first quarter of 2017. For a sample of 35 vehicles sold in the Richmond,
Virginia, area:
a. How many vehicles would you expect to be hybrid? (Round your answer to 3 decimal places.)
Expected veloe
b. Use the Poisson distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimal
places.)
Probebility
c. Use the binomial distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimel
places.)
Probebility
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4 According to sales information in the first quarter of 2016, 2.5% of new vehicles sold in the United States were hybrids. This is down from 2.8% for the same period a year earlier. An analyst's review of the data indicates that the reasons for the sales decline include the low price of gasoline and the higher price of a hybrid compared to similar vehicles. Let's assume these statistics remain the same for 2017. That is, 2.5 percent of new car sales are hybrids in the first quarter of 2017. For a sample of 35 vehicles sold in the Richmond, Virginia, area: a. How many vehicles would you expect to be hybrid? (Round your answer to 3 decimal places.) Expected veloe b. Use the Poisson distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimal places.) Probebility c. Use the binomial distribution to find the probability that four of the sales were hybrid vehicles. (Round your answer to 4 decimel places.) Probebility Next 4 of 10 <Prev Type here to search

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Expert Answer

Step 1

Given data

No of vehicles (n) = 35

Probability that the new car sales is hybrid (p)  = 0.025

a)

Expected no of vehicles would be hybrid is given by

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теап — пр — 35 х 0.025 - 0.875 1 Because no of vehicles always be in positive integer b) In poisson distribution mean is given by 35 x 0.025 = 0.875 =np Let X represents no of hybrid vehicles X follows poisson distribution with mean 0.875 Probability density function of poisson distribution is given by eиxих Р(х %3D х) х! Probability that the four of the sales were hybrid vehicles is given by -0.875 e 'x0.8754 Р(x %3D4) = 0.0102 4!

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Step 2

c)

Now using binomial distribution

Probability that the four of the sales were hybrid vehicles is given by

Applyin...

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Probability of x success out ofn trial is given by Р(X %3D х) (К)x р*x (1—р)"-х = > P(X 4) )> x 0.0254 x (1 0.025)35-4 = 35! x 0.0254 x (1 0.025)35-4 4! x (31 4) => 0.0093

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