Knowee
Questions
Features
Study Tools

A car distributor in City Y experiences an average of 2.5 car sales daily. Find the probability that on a randomly selected day, they will sell 5 car: 0.0668 0.544 0.082 0.205

Question

A car distributor in City Y experiences an average of 2.5 car sales daily. Find the probability that on a randomly selected day, they will sell 5 car: 0.0668 0.544 0.082 0.205

🧐 Not the exact question you are looking for?Go ask a question

Solution

The problem you're asking about is a Poisson distribution problem. The Poisson distribution gives the probability of a given number of events (in this case, car sales) happening in a fixed interval of time or space (a day) when these events occur with a known average rate (2.5 car sales per day) and independently of the time since the last event.

The formula for the Poisson distribution is:

P(k events in interval) = λ^k * e^-λ / k!

where:

  • λ is the average rate of value (in this case, 2.5 car sales per day)
  • k is the actual number of events (in this case, 5 car sales)
  • e is the base of the natural logarithm (approximately equal to 2.71828)
  • k! is the factorial of k

Substituting the given values into the formula, we get:

P(5 car sales in a day) = 2.5^5 * e^-2.5 / 5!

Calculating this will give us the probability that on a randomly selected day, the car distributor will sell 5 cars.

This problem has been solved

Similar Questions

The probability that you make an online sale is 0.30. If you talks to five customers, what is the probability that you will make exactly 2 online sales? (Assume independence.)

Cars arrive randomly at a tollbooth at a rate of 15 cars per 10 minutes during rush hour. What is the probability that exactly five cars will arrive over a five-minute interval during rush hour?Multiple Choice0.12160.10940.57160.1967

The probability that a sales strategy is accepted to by the management is 0.3. If 5 sales strategies are submitted, what is the probability that at most 2 are accepted?A0.71B1.14C0.94D0.84SUBMIT

There are 30 cars crossing the roadway every hour. What is the probability that only one car will cross in next 5 minutes?A.0.2052B.0.9179

The random variable X, representing the number of items sold in a week, has the following probability distribution:x 0 1 2 3 4 5 6P(X = x) 0.10 0.20 0.40 0.15 0.05 0.05 0.05On average, how many items are sold in a week?Group of answer choices2.00.14282.26.33.0

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.