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A used car salesperson claims that the probability of he selling a used car to an...

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Statistics

A used car salesperson claims that the probability of he sellinga used car to an individual looking to purchase a used car is 70%and this probability does not vary from individual to individual.Suppose 5 individuals come to speak to this salesperson one day. Ifhis belief is correct,

  1. The probability (to 4 decimal places) that he will sell a carto the first individual he speaks to is______
  1. The probability (to 4 decimal places) that he will not sell acar to any of these 5 individuals is ______
  1. The probability (to 4 decimal places) that he will sell a carto exactly 2 individuals is _______

  1. The expected number (to 2 decimal places) of individuals hewill sell a car to is ­­________

  1. The standard deviation (to 4 decimal places) in the number ofindividuals to whom he will sell a car is

________

  1. If the salesperson pays the dealership who allows him to sellcars $1000 per day for the privilege of working at the dealership,and, if he earns $2000 for each car he sells, the expected incomeper day is

________

Answer & Explanation Solved by verified expert
3.7 Ratings (512 Votes)
probability of a used sales person selling a used car to anindividual looking to purchase a used carp7010007probability of a used sales person not selling a used car to anindividual looking to purchase a used car q1p107 03Number of individual came to speak to this sales person on oneday n 5a The probability that he will sell a car to the firstindividual he speaks to is p 070b The probability that he will not sell a car to any of    See Answer
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