SOLUTION: Suppose that a manager of a large apartment complex provides the following subjective
probability
Vacancies ------ Probability
----- 0 ----------- - .05
-
Algebra.Com
Question 1165741: Suppose that a manager of a large apartment complex provides the following subjective
probability
Vacancies ------ Probability
----- 0 ------------- .05
----- 1 ------------- .15
----- 2 ------------- .35
----- 3 ------------- .25
----- 4 ------------- .10
----- 5 ------------- .10
Provide the probability of each of the following events.
a. No vacancies
b. At least four vacancies
c. Two or fewer vacancies
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
"At least 4" in this problem means either 4 or 5; "two or fewer" means 2 or 1 or 0. Since those are all "OR"s, add the individual probabilities.
a. P(0)
b. P(4)+P(5)
c. P(2)+P(1)+P(0)
You can do the simple arithmetic....
RELATED QUESTIONS
Shakira is the manager of a 200-unit apartment complex. She is exploring how the monthly... (answered by stanbon)
The manager of a large apartment complex knows from experience that 120 units will be... (answered by josmiceli)
The manager of a large apartment complex has found that the profit is given by... (answered by ewatrrr)
I have a quick question: What is the difference between classical probability, empirical... (answered by stanbon)
A real estate agent agrees to sell a large apartment complex according to the following... (answered by josmiceli)
There are 19 nominees for 6 vacancies on a city commission, 8 Republicans and 11... (answered by Edwin McCravy)
a)Suppose a randomly selected passenger is about to go through the metal detector at LAX.
(answered by asinus)
Carmen, a computer sales representative, believes that the odds are 8 to 5 that she will... (answered by ewatrrr)
The manager of an apartment complex is also a tenant. He pays only three-fourths of the... (answered by josgarithmetic)