Math

posted by .

Based on past studies, a car manufacturer has found that 83% of new car buyers will sell their new car within the next four years. If 100 new car buyers are randomly selected, what is the probability that at least 90 will sell their cars within the next four years?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Word Problem Maximizing A Bonus

    Pauline Wong spends 4 hours selling a used car and 6 hours selling a new car. She works no more than 40 hours per week. In order to receive a bonus, she must sell at least one used car and four new cars each week. In that case, she …
  2. Math

    New Car. A game show gives away 2 new cars. One car is worth $50,000 and the other car is worth $40,000. Two members of the audience are randomly selected to participate and receive one of the two new cars. What is the expeted value …
  3. Math

    In 2004, your family bought a new car for $15,000. Each year the value of the car is decreasing approximately 15% per year. Your father plans to keep the car 5 years before he buys another new car. What will be the value of the car …
  4. math

    The value of a new car decreases exponentially.Suppose your mother buys a new car for 22,000. The value of the car decreases by 20% each year. a.what is the initial price of the car. The decay factor. b. write an equation to model …
  5. math

    Barbara knows that she will need to buy a new car in 3 years. The car will cost $15,000 by then. How much should she invest now at 8%, compounded quarterly, so that she will have enough to buy a new car?
  6. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break …
  7. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break …
  8. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break …
  9. probability

    You and your friend just rented a car for an 8,000 mile cross-country road trip. Your rental car may be one of three different types: new (N), nearly one year old (O), and old (L). If the car you receive is brand new, it will break …
  10. maths

    a car depreciates at rate of 10%per year. the car cost £20000 new. (a) explain why the car wont be worth £16000 after 2 years (b) show that the car will be worth £16200 after 2 years and find the value of the car after 3 years (c) …

More Similar Questions