A Used Car Salesman in a Small Town States That

question 81

Short Answer

A used car salesman in a small town states that, on the average, it takes him 5 days to sell a car. Assume that the probability distribution of the length of time between sales is exponentially distributed.
a. What is the probability that he will have to wait at least 8 days before making another sale?
b. What is the probability that he will have to wait between 6 and 10 days before making another sale?

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Definitions:

Fantasizing

The act of imagining or creating vivid mental pictures about desires or situations that are not currently present.

Self-Objectify

The act of treating oneself as an object or commodity, often in the context of societal standards of beauty.

Sexual Desire

A natural feeling of wanting to engage in sexual activities.

Sexual Activity

Behaviors that involve sexual intercourse or other activities intended to stimulate sexual arousal and pleasure.