A car dealership sells 0, 1, 2 luxury cars on anyday. When selling a car, the dealer also tries topersuade the customer to buy an extendedwarranty for the car. Let X denote the numberof luxury cars sold in a given day, and let Ydenote the number of extended warrantiessold.Calculate the variance of X.(to nearest hundredth, such as 0.12)Numeric answerType your responseP(X = 0, Y = 0) =P(X = 1, Y = 0)P(X = 1, Y = 1) =P(X = 2, Y = 0) ==P(X = 2, Y = 1) =P(X = 2, Y = 2)=121213116

From the given joint probability table, P(X=0) = P(X=0,Y=0) +P(X=0,Y=1) +P(X=0,Y=2) =…

Answered: A car dealership sells 0, 1, 2 luxury…

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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