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Sales data have been collected over several months at the Cozi Real Estate Agent. In particular, the agency has been interested in the probability of selling 0, 1, 2, 3, 4, or 5 properties in one week. They have found the following probabilities for weekly new property sales: • The probability of selling at least one property is 0.91. • The agency never sells more than 5 properties in one week. • The probability of selling 5 properties is half the probability of selling 2 properties. • The probability of selling 1 property is the same as the probability of selling 4 properties. • The probability of selling 3 properties is three times the probability of selling zero properties. • The probability of selling 2 properties is 0.24. a) Write out the pmf (in table form) of the weekly property sales at the Cozi Real Estate Agent. Let X be the number of new properties sold in one week at Cozi. b) What is the probability that the agency sells at most 2 properties in one week?

Sales data have been collected over several months at the Cozi Real Estate Agent. In particular, the agency has been interested in the probability of selling 0, 1, 2, 3, 4, or 5 properties in one week. They have found the following probabilities for weekly new property sales: • The probability of selling at least one property is 0.91. • The agency never sells more than 5 properties in one week. • The probability of selling 5 properties is half the probability of selling 2 properties. • The probability of selling 1 property is the same as the probability of selling 4 properties. • The probability of selling 3 properties is three times the probability of selling zero properties. • The probability of selling 2 properties is 0.24. a) Write out the pmf (in table form) of the weekly property sales at the Cozi Real Estate Agent. Let X be the number of new properties sold in one week at Cozi. b) What is the probability that the agency sells at most 2 properties in one week?

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Sales data have been collected over several months at the Cozi Real Estate Agent. In particular, the agency has been interested in the probability of selling 0, 1, 2, 3, 4, or 5 properties in one week. They have found the following probabilities for weekly new property sales: • The probability of selling at least one property is 0.91. • The agency never sells more than 5 properties in one week. • The probability of selling 5 properties is half the probability of selling 2 properties. • The probability of selling 1 property is the same as the probability of selling 4 properties. • The probability of selling 3 properties is three times the probability of selling zero properties. • The probability of selling 2 properties is 0.24. a) Write out the pmf (in table form) of the weekly property sales at the Cozi Real Estate Agent. Let X be the number of new properties sold in one week at Cozi. b) What is the probability that the agency sells at most 2 properties in one week?
Transcribed Image Text:Sales data have been collected over several months at the Cozi Real Estate Agent. In particular, the agency has been interested in the probability of selling 0, 1, 2, 3, 4, or 5 properties in one week. They have found the following probabilities for weekly new property sales: • The probability of selling at least one property is 0.91. • The agency never sells more than 5 properties in one week. • The probability of selling 5 properties is half the probability of selling 2 properties. • The probability of selling 1 property is the same as the probability of selling 4 properties. • The probability of selling 3 properties is three times the probability of selling zero properties. • The probability of selling 2 properties is 0.24. a) Write out the pmf (in table form) of the weekly property sales at the Cozi Real Estate Agent. Let X be the number of new properties sold in one week at Cozi. b) What is the probability that the agency sells at most 2 properties in one week?
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