(Answered) 1david axehead sells new cars for axehead ford david

Management Studies

1.David Axehead sells new cars for Axehead Ford. David usually sells the largest number of cars on Saturday. He has developed the following probability distribution for the number of cars he expects to sell on a particular Saturday.

Number of Cars sold, x Probability, P(x)

0 0.10

1 0.20

2 0.30

3 0.30

4 0.10

Total 1.00

a. On a typical Saturday, how many cars does David expect to sell?

b. What is the variance of the distribution?

c. What is the standard deviation of the distribution?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M91971231
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Evaluate the challenges and opportunities of an expatriate

Evaluate the challenges and opportunities of an expatriate position. How can these challenges be overcome?

Suppose that we are using extensible hashing on a file that

Suppose that we are using Extensible Hashing on a file that contains records with the following search key values: 3, 11, 7, 19, 14, 18, 15, 17, 20, 44, 33, 43 Show the Extensible Hash structure for this file if the hash ...

Design a combinational circuit with three inputs a b and c

Design a combinational circuit with three inputs: A, B, and C, D and the output W. The output should be 1 only when the values of A, B interpreted as an unsigned integer (AB) is equal to the values of C, D interpreted as ...

A program takes two integers as input from the keyboard

A program takes two integers as input from the keyboard, representing the number of hits and the number of at-bats for a batter. Calculate the batter's hitting percentage. Check the hitting percentage to determine if it ...

Example of a company using forecasting for operations

Example of a company using forecasting for operations management in supply chain management?

How might social media help in recruiting passive job

How might social media help in recruiting passive job applicants, those not actively looking for a job?

In the value of paradigm in coaching vs discipline what

In the value of paradigm in coaching vs discipline, what value do you see coming from it? How would you groom and mold your supervisors to take on this type of paradigm?

Discuss the kinds of employee information that managers

Discuss the kinds of employee information that managers might find to be particularly useful in a talent inventory.

A compute the sumnbsps1nbsp 1 2 3 nbsp nbsp 9999 the sum

(a) Compute the sum S1 = 1 + 2 + 3 + . . . + 9999 (the sum of all integers from 1 to 9999). Do not use a program. (b) Compute the sum S2 = 1+3+5+...+9999 (the sum of all odd integers from 1 to 9999). Do not use a program ...

The balanced scoreboard approach has gained popularity in

The balanced scoreboard approach has gained popularity in recent years. What is this approach and how does it integrate strategic and operational control?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert