Car Sales The Joint Probability Distribution of Variables X and Y Is

question 201

Short Answer

Car Sales
The joint probability distribution of variables X and Y is shown in the table below.Rebecca and Rachel are car salespeople.Let X denote the number of cars that Rebecca will sell in a month,and let Y denote the number of cars Rachel will sell in a month. ​ ​
-{Car Sales Narrative} Calculate V(X)and V(Y).

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Definitions:

Contingency Approach

A management theory that suggests the best way to manage an organization depends on the specific circumstances and factors facing the organization.

Contingency Theory

A theory that suggests the effectiveness of a leadership style is dependent on the context and situations in which it is applied.

One Best Way

A principle suggesting there is a single most efficient method to execute a particular work process or task.

Chester Barnard

An American business executive and author known for his contributions to management theory and organizational studies, particularly in the area of cooperative systems.