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

question 73

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?

Distinguish between the money market and other financial markets.

Know the function of federal funds and their role in banking operations.

Understand the issuance and purpose of T-bills and their significance in the government's financing.

Comprehend the calculation and adjustments of major stock indices.

---

Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.

Limited Liability

A legal principle where a person's financial risk in a business is restricted to their investment amount.

Paralegals

Legal assistants who perform various tasks to support attorneys, such as conducting legal research, drafting documents, and organizing files, but are not licensed to practice law.

Law-Firm Personnel

Individuals working in a law firm, including lawyers, paralegals, clerical staff, and management.