What is the probability that fewer than cars will need

Assignment Help Business Economics

Reference no: EM13148749

A car rental company has determined that the probability a car will need service work in any given month is 0.2. The company has 900 cars. A. What is the probability that more than 200 cars will require service work in a particular month? B. What is the probability that fewer than 175 cars will need service work in a given month?

Reference no: EM13148749

Questions Cloud

Verify middle class families allocate larger amount on food : Verify that middle class families allocate a statistically larger average amount on food than poor families using the firm's data. Use a 5% significance level in your verification.

Beginning finsihed goods inventory : Management expects to sell 95,000 units of a product during the next fiscal period. How many units must be produced if the beginning inventory of finished goods amount to 5,000 units and management desires the ending finished goods inventory to eq..

What is the price of the product : If the marginal revenue from a product is $15 and the price elasticity of demand is ? what is the price of the product?

Determine which phenotype is dominant : Determine which phenotype is dominant and explain the ratios observed with regards to the genotypes of the parents in each cross.

What is the probability that fewer than cars will need : What is the probability that more than 200 cars will require service work in a particular month? B. What is the probability that fewer than 175 cars will need service work in a given month?

How many moles of ethylene glycol should be added : how many moles of ethylene glycol should be added to the radiator to lower the freezing point of the water from 0 degrees celcius to -18 degrees celcius?

Write down the cross and explain the final results : In dogs, dark coat (D) is dominant over albino (d) and short hair (S) is dominant over long hair (s). After crossing dogs with dark and short hair with albino dogs with long hair, in F2 a breeder got 89 dogs with dark and short hair, 31 dark, long..

Determine the hillary income : Bill receives interest income of $5,000 from bonds purchased with his salary after marriage. Bill and Hillary receive $10,000 dividend income from stock they purchased jointly. Hillary's income would be ??

What concerns might you have about such an approach : The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..

User Account

All Pages