The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows. x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5 6 0.220 7 0.136 8 0.055 9 0.015 10 0.001 17 The probability that 5 automobiles will be sold is, a 0.232 b 0.244 c 0.257 d 0.271

The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is as follows. x f(x) 0 0.001 1 0.007 2 0.034 3 0.099 4 0.188 5 6 0.220 7 0.136 8 0.055 9 0.015 10 0.001 17 The probability that 5 automobiles will be sold is, a 0.232 b 0.244 c 0.257 d 0.271

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 7MC

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Question

The probability distribution for the number of automobiles sold during a day (x) at Bob Iron Motors is
as follows.

x	f(x)
0	0.001
1	0.007
2	0.034
3	0.099
4	0.188
5
6	0.220
7	0.136
8	0.055
9	0.015
10	0.001

17 The probability that 5 automobiles will be sold is,
a 0.232
b 0.244
c 0.257
d 0.271

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