Homework Help: Statistics

Posted by Emma on Tuesday, July 27, 2010 at 9:45pm.

Car P(Sale) % Sold Per Sale/ Profit Per Sale
VW Golf 10% 15% $1,000
Saab 10% 15% $2,000
BWM Z4 10% 20% $12,000
Skoda Octavia10% 10% $1,200
Lada Niva10% 40% $400
Sum 100%

2.1 What is the expected profit for a VW Golf?
2.2 What is the expected profit for a Saab?
2.3 What is the expected profit for a BMW Z4?
2.4 What is the expected profit for a Skoda Octavia?
2.5 What is the expected profit for 500 customers?

Statistics - Shawn, Tuesday, December 13, 2011 at 11:33am
VW Golf: $250
Saab: $300
Mercedes $4200
Jaguar $300
Expected profit for 500 customers: $2,545,000

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