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
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.
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
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.