The Following Table Shows the Numbers of Cars Sold by a Car

question 102

Essay

The following table shows the numbers of cars sold by a car dealer during the last 30 weeks. $\begin{array} { | c | c | } \hline \text { Number of cars sold } & \text { Number of weeks } \\\hline 2 & 5 \\\hline 3 & 9 \\\hline 4 & 10 \\\hline 5 & 4 \\\hline 6 & 2 \\\hline\end{array}$ a. Define the random variable of interest to the dealer.
b. List the simple events in the sample space.
c. Assign probabilities to the simple events and show the probability distribution.
d. What approach have you used in determining the probabilities in part (c)?
e. What is the probability of selling no more than four cars in any given week?

---

Definitions:

Seller

An individual or entity that offers goods or services for sale to buyers in exchange for money or other compensation.

Lessor

The party in a lease agreement who owns the asset or property and grants its use to another party for a specific period, under certain conditions.

Original Buyer

The first individual or entity that purchases a product or service directly from the seller or manufacturer.

Benefit of the Bargain

A principle in contract law that allows a party harmed by a breach to recover the value of what they were promised in the contract.