The Number of Cars Sold by a Car Salesperson During

question 71

Multiple Choice

The number of cars sold by a car salesperson during each of the last 25 weeks is the following: What is the probability that the salesperson sells no more than one car during a week?

• A) 0.20
• B) 0.40
• C) 0.60
• D) 0.80

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Definitions:

2008

A significant year marked by the global financial crisis, which had profound impacts on economies worldwide.

Short Recession

A brief period of economic decline during which trade and industrial activity are reduced, generally identified by a decline in GDP in successive quarters.

Real Estate Bubble

A real estate bubble is a situation in which property prices rapidly inflate beyond fundamental valuations, typically followed by a sharp decline.

Stock Market Crash

A rapid and often unanticipated decline in stock prices across a significant cross-section of a stock market, leading to a loss of paper wealth.