The table shows a set of conditional relative frequencies of drivers in a survey planning to buy a used vehicle next, based on h
ow they obtained their current vehicle.
Which interpretation of the relative frequencies given is the most appropriate?
A. The greatest number of drivers who plan to buy used are those who leased their current vehicle.
B. The majority of drivers who will buy used next time bought their current vehicle used.
C. Of drivers who bought their current vehicle used, about 4 percent will buy new next time, almost 95 percent will buy used next time, and about 1 percent will lease next time.
D. Of drivers who bought new, 3.9 percent will buy used next time; of drivers who bought used, 94.8 percent will buy used again; of drivers who leased, 1.3 percent will buy used.
Which interpretation of the relative frequencies given is the most appropriate?
A. The greatest number of drivers who plan to buy used are those who leased their current vehicle.
B. The majority of drivers who will buy used next time bought their current vehicle used.
C. Of drivers who bought their current vehicle used, about 4 percent will buy new next time, almost 95 percent will buy used next time, and about 1 percent will lease next time.
D. Of drivers who bought new, 3.9 percent will buy used next time; of drivers who bought used, 94.8 percent will buy used again; of drivers who leased, 1.3 percent will buy used.
1 answer:
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Answer:
<h2>See the explanation.</h2>Step-by-step explanation:
(a)
= A.
In the above matrix A, the columns refers the three type of books and the rows refers the from which stores the books are been sold.
The numbers represents the corresponding sales in the month of January.
The sale is same for the 6 months.
Hence, 6A = . This matrix 6A represents the total sales over the 6 months.
(b)
If we denote the books in stock at the starting of January by B, then
B = .
Each month, the chain restocked the stores from its warehouse by shipping 500 hardcover, 1,400 softcover, and 1,400 plastic books to San Francisco and 500 hardcover, 500 softcover, and 500 plastic books to Los Angeles.
If we represent the amount restocked books at the end of each month by another matrix C, then
C = .
This restocking will be done for 5 times before the end of June.
If there would be no sale, then the stock would be
B + 5C = .
Since, the total sale is given by 6A, at the end of June, the inventory in each store can be shown as following,
B+5C-6A