SOLUTION: The average number of homes sold by the GBRAR is four (4) homes per day. What is the probability that exactly six (6) homes will be sold tomorrow?

Algebra.Com
Question 1176927: The average number of homes sold by the GBRAR is four (4) homes per day. What is the probability that exactly six (6) homes will be sold tomorrow?
Found 2 solutions by Boreal, ikleyn:
Answer by Boreal(15235)   (Show Source): You can put this solution on YOUR website!
I have to assume a Poisson distribution with parameter 4 to solve this.
that would be P(6)=e^(-4)*4^6/6!=0.1042

Answer by ikleyn(52787)   (Show Source): You can put this solution on YOUR website!
.
The average number of homes sold by the GBRAR is four (4) homes per day.
What is the probability that exactly six (6) homes will be sold tomorrow?
~~~~~~~~~~~~~~


            The problem does not state that the only Poisson distribution can be used.

            Therefore,  totally different  (but still reasonable approach)  can be developed and applied.


Let's consider a random discrete variable X of the number of sold homes with integer values 
from 0 to 8 inclusive, uniformly distributed.


Such random variable satisfies the given restriction, having 4 homes per day as the average.


Then we have the discretely distributed random variable having 9 possible values from 0 to 8 inclusive
with the probability    for each discrete individual value.


Then  P(X=6) =  = 0.1111...         ANSWER

Solved  (differently).

------------

What is interesting,  this answer of  0.1111  is not too far from the value of  0.1042,
obtained by  @Boreal with the use of the  Poisson distribution.



RELATED QUESTIONS

Thando’s father owns an estate agency that sells an average of 2 homes per day. What is (answered by ikleyn)
Iwas Realty is a real estate company selling homes in the Vancouver, British Columbia.... (answered by Boreal,ewatrrr)
What is the probability of 6 of 22 homes being burglarized,when 24% of homes are... (answered by edjones)
The sales of homes in a new development have been increasing. In January, 5 homes were... (answered by ikleyn)
The sales of homes in a new development have been increasing. In January, 5 homes were... (answered by ikleyn)
If 29 homes sold in the last 90 days or 3 months and there are 3 homes that are currently (answered by solver91311)
Assume that there are 21 homes in the Quail Creek area and four of them have a security... (answered by Boreal)
the Average (mean) size of homes built in the US in 1810 square feet. Assume that the... (answered by stanbon)
The National Association of Realtors estimates that 23% of all homes purchased in 2004... (answered by ewatrrr)