Answer:
No, a value of t = 3.5 does not make any sense in this scenario.
Step-by-step explanation:
We are given the following information in the question:
where c is the cost and t is the number of tickets.
No, a value of t = 3.5 does not make any sense in this scenario.
Because the number of tickets are discrete value and cannot have decimal values.
The continuous variable can be expressed in decimal form.
Hence, t cannot have a value of 3.5
Although, cost is a continuous variable and may have decimal values.
Answer:
Step-by-step explanation:
Let X be the no of vehicles that require warranty service within I year out of vehicles sold (9) yesterday.
Each vehicle is independent of the other to get warranty service
Hence X is binomial with p=8% = 0.08
So P(X=x) =
c)
d) Mean = Mean of binomial = np =
Var (x) = npq =
Std dev = square root of variance = 0.8139