The Probability Distribution for the Number of Automobiles Lined Up

question 59

Multiple Choice

The probability distribution for the number of automobiles lined up at a Lakeside Olds dealer at opening time (7:30 a.m.) for service is: On a typical day,how many automobiles should Lakeside Olds expect to be lined up at opening time?

• A)10.00
• B)1.00
• C)2.85
• D)1.96

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Definitions:

Rights Offering

A method by which a company raises capital by giving its existing shareholders the right to purchase additional shares directly from the company at a specified price within a set time.