It Is Estimated That 20% of Luxury Cars Manufactured in 2012

question 5

Multiple Choice

It is estimated that 20% of luxury cars manufactured in 2012 were silver.A car dealership typically sells 20 luxury cars per month.The probability that more than 10 of the luxury cars sold per month are silver is ________________________ .

• A)0.0006
• B)0.1276
• C)0.0222
• D)0.7779
• E)None of the above.

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Definitions:

Variability

Variability refers to the extent to which data points in a distribution differ from each other and from the mean of the distribution.

First Quartile

The median of the lower half of a dataset, also called the lower quartile.

Positively Skewed Distribution

A probability distribution that is asymmetric with a longer tail on the right side, indicating that the mean and median are greater than the mode.

Smallest Observation

The smallest observation, also known as the minimum value, is the lowest value in a set of data points.