Standard deviation of the distribution

Assignment Help Business Management
Reference no: EM131215248

1.David Axehead sells new cars for Axehead Ford. David usually sells the largest number of cars on Saturday. He has developed the following probability distribution for the number of cars he expects to sell on a particular Saturday.

Number of Cars sold, x Probability, P(x)

0 0.10

1 0.20

2 0.30

3 0.30

4 0.10

Total 1.00

a. On a typical Saturday, how many cars does David expect to sell?

b. What is the variance of the distribution?

c. What is the standard deviation of the distribution?

Reference no: EM131215248

Questions Cloud

Probability of drawing a two-pair : Given a standard 52 card deck, what is the probability of drawing a two-pair (and nota full-house) given by having 2 Jacks and 2 Aces if you draw a 5 card hand?
How will you influence people to strive willingly for group : Principles and Practices of Management. How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication process towards attaining your speci..
Hypothesis and research hypothesis : Can you explain confidence intervals to me? Also, can you help me understand the difference between the null hypothesis and research hypothesis?
Who bears the burden of the tax : The local government is considering a proposal to implement a bicycle tax to raise government revenue. In this situation, who should be taxed to raise more revenue - suppliers or buyers? Who bears the burden of the tax
Standard deviation of the distribution : a. On a typical Saturday, how many cars does David expect to sell? b. What is the variance of the distribution? c. What is the standard deviation of the distribution?
Can this issue be settled by reference to a dictionary : He argues that carpenters, barbers, porters, and other groups who organize their work around a shared code of ethics should be recognized as professionals. Do you agree or disagree, and why? Can this issue be settled by reference to a dictionary?
Prepare an essay about koch brothers invesments : Prepare an essay about Koch Brothers invesments. What are that company's financial invesments? How do they make money before and now.
How can we explain this using the physics of energy : When the swing is first released it has mechanical energy. When it comes to rest, it has none. If the law of Conversation of Energy says that the energy of a system stays constant, how can we explain this using the physics of energy?
Eastern bay college - preparation of a report : ISCG 6404 Web Server Management, What should be the content of the Internet/Intranet? o How should the contents be organised? o Who within the organisation will have responsibility for each type of content? o Who will be allowed access to each type o..

Reviews

Write a Review

Business Management Questions & Answers

  Application of international law

Monarch Associates, a U.S. computer parts manufacturer, entered into a joint venture with a Russian computer technology company, Vladir Unlimited. The joint venture agreement was signed by both parties but created by Vladir and had an arbitration cla..

  Results and the other computations from assignment

Using the regression results and the other computations from Assignment 1, determine the market structure in which the low-calorie frozen, microwavable food company operates.

  Public policy decision making at local level of government

Smithville is a small city with 125,000 inhabitants. Because of a weak economy, a significant part of its population is facing bad economic circumstances-an estimated 2,000 families have unemployed heads-of-households and are at or below the poverty ..

  Defined benefit plan or contribution plan

defined benefit plan or contribution plan

  Find the monopolist''s profit-maximizing output and price

3. Suppose the demand curve for a monopolist is QD = 500 - P, and the marginal revenue function is MR = 500 - 2Q. The monopolist has a constant marginal and average total cost of $50 per unit. a. Find the monopolist's profit-maximizing output and pri..

  Illustrate under what conditions would suggest

Illustrate under what conditions would suggest which a corporation should buy a training program or services from an outside vendor?

  The size of the organization affects

The size of the organization affects you depending on your position

  Performance measurement during crisisimagine you are

performance measurement during crisisimagine you are working at an ice cream shop. it is the middle of summer the shops

  Data collection tool

Data collection tool - Design or outline a data collection tool (ie. Sampling, focus group, etc) for a familiar organization.

  Evolving leadership models contrast two modelsrecent

evolving leadership models contrast two modelsrecent theoretical developments in leadership paradigms seem more

  Identify the key ways that apple''s progress report

Identify the key ways that Apple's Progress Report has changed since last year. Examine the manner in which Apple's Supplier Code of Conduct helps the organization operate as a socially responsible organization.

  View model to three competitive brands

Select a packaged-goods product category, and apply the VIEW model to three competitive brands within that category. Define all four com- ponents of the model, and explain how each applies to your selected product. Then use the following procedure..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd