a. From the question P(GM not the market leader) = 6:1 (in terms of odds)this means that the P(X) = P(GM being the market leader):. the probability of an event happening = number of favorable outcome/(number of unfavorable ouGM not the market leader = unfavorable outcome for GM = 6GM being the market leader = favorable outcomes for GM = 1Probability that an event is favorable = P(GM being the market leader) = P(X) = 1/(1+6) = 1/7 = 0.143The probability that General Motors will have the largest market share for SUVs in the coming quateb. From the automobile market analysis, The odds against Toyota is 12:5
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c. From the automobile market analysis, The odds against Ford is 8:3
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d. Assuming all the events are exclusive and exhaustive i.e only one can event can occur and at leastrule for mutually exclusive events) = 1Let P(G) = probability of GM motors having the largest market share for SUVs
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utomes + number of favorable outcomes)3 or 14.3%er is 1/7 or 0.143s + number of favorable outcomes)vent = 5/(5+12) = 5/17 = 0.29s + number of favorable outcomes)ent = 3/(3+8) = 3/11 = 0.27t one will occur, then the sum of the probabilities (applying the Additionese three mentioned be P(O)
Number of defective items in a random sample of 15 items# of defectivesProbability Random Value00.2059 0.34308141 0.343081410.34322 0.343081420.26693 0.343081430.12854 0.343081440.04285 0.343081450.01056 0.343081460.00197 0.343081470.00038 0.343081480.00009 0.343081490.000010 0.3430814100.000011 0.3430814110.000012 0.3430814120.000013 0.3430814130.000014 0.3430814140.000015 0.3430814150.000016 0.343081417 0.343081418 0.3430814Average of probabilit0.062519 0.3430814Standard Deviation0.111820 0.343081421 0.343081422 0.343081423 0.343081424 0.343081425 0.343081426 0.343081427 0.343081428 0.343081429 0.343081430 0.343081431 0.343081432 0.343081433 0.343081434 0.343081435 0.343081436 0.343081437 0.343081438 0.343081439 0.343081440 0.343081441 0.343081442 0.3430814
43 0.343081444 0.343081445 0.343081446 0.343081447 0.343081448 0.343081449 0.343081450 0.343081451 0.343081452 0.343081453 0.343081454 0.343081455 0.343081456 0.343081457 0.343081458 0.343081459 0.343081460 0.343081461 0.343081462 0.343081463 0.343081464 0.343081465 0.343081466 0.343081467 0.343081468 0.343081469 0.343081470 0.343081471 0.343081472 0.343081473 0.343081474 0.343081475 0.343081476 0.343081477 0.343081478 0.343081479 0.343081480 0.343081481 0.343081482 0.343081483 0.343081484 0.343081485 0.343081486 0.343081487 0.3430814
88 0.343081489 0.343081490 0.343081491 0.343081492 0.343081493 0.343081494 0.343081495 0.343081496 0.343081497 0.343081498 0.343081499 0.3430814100 0.3430814101 0.3430814102 0.3430814103 0.3430814104 0.3430814105 0.3430814106 0.3430814107 0.3430814108 0.3430814109 0.3430814110 0.3430814111 0.3430814112 0.3430814113 0.3430814114 0.3430814115 0.3430814116 0.3430814117 0.3430814118 0.3430814119 0.3430814120 0.3430814121 0.3430814122 0.3430814123 0.3430814124 0.3430814125 0.3430814126 0.3430814127 0.3430814128 0.3430814129 0.3430814130 0.3430814131 0.3430814132 0.3430814
133 0.3430814134 0.3430814135 0.3430814136 0.3430814137 0.3430814138 0.3430814139 0.3430814140 0.3430814141 0.3430814142 0.3430814143 0.3430814144 0.3430814145 0.3430814146 0.3430814147 0.3430814148 0.3430814149 0.3430814150 0.3430814151 0.3430814152 0.3430814153 0.3430814154 0.3430814155 0.3430814156 0.3430814157 0.3430814158 0.3430814159 0.3430814160 0.3430814161 0.3430814162 0.3430814163 0.3430814164 0.3430814165 0.3430814166 0.3430814167 0.3430814168 0.3430814169 0.3430814170 0.3430814171 0.3430814172 0.3430814173 0.3430814174 0.3430814175 0.3430814176 0.3430814177 0.3430814
178 0.3430814179 0.3430814180 0.3430814181 0.3430814182 0.3430814183 0.3430814184 0.3430814185 0.3430814186 0.3430814187 0.3430814188 0.3430814189 0.3430814190 0.3430814191 0.3430814192 0.3430814193 0.3430814194 0.3430814195 0.3430814196 0.3430814197 0.3430814198 0.3430814199 0.3430814200 0.3430814201 0.3430814202 0.3430814203 0.3430814204 0.3430814205 0.3430814206 0.3430814207 0.3430814208 0.3430814209 0.3430814210 0.3430814211 0.3430814212 0.3430814213 0.3430814214 0.3430814215 0.3430814216 0.3430814217 0.3430814218 0.3430814219 0.3430814220 0.3430814221 0.3430814222 0.3430814
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