1. A firm rents out cars and operates from three locations - the Airport, the Beach and the City. Customers may return vehicles to any of the three locations. The company estimates that the probability of a car being returned to each location is as follows: Car returned to Car hired from Airport Beach City Airport 1 4 Beach City 3 0 4 3 3 Figure 1: Table of car-hire data. The firm has been running for many years with a fleet of 25 cars, of which 10 are currently on hire. How many of the other cars would you expect to be parked at each of the three locations? Explain your answer clearly.
1. A firm rents out cars and operates from three locations - the Airport, the Beach and the City. Customers may return vehicles to any of the three locations. The company estimates that the probability of a car being returned to each location is as follows: Car returned to Car hired from Airport Beach City Airport 1 4 Beach City 3 0 4 3 3 Figure 1: Table of car-hire data. The firm has been running for many years with a fleet of 25 cars, of which 10 are currently on hire. How many of the other cars would you expect to be parked at each of the three locations? Explain your answer clearly.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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