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In a survey conducted to see how long Americans keep their cars, 2000 automobile owners were asked how long they plan to keep their present cars. The results of the survey follow: $$ \begin{array}{cc} \hline \text { Years Car Is Kept, } \boldsymbol{x} & \text { Respondents } \\ \hline 0 \leq x<1 & 60 \\ \hline 1 \leq x<3 & 440 \\ \hline 3 \leq x<5 & 360 \\ \hline 5 \leq x<7 & 340 \\ \hline 7 \leq x<10 & 240 \\ \hline 10 \leq x & 560 \\ \hline \end{array} $$ Find the probability distribution associated with these data. What is the probability that an automobile owner selected at random from those surveyed plans to keep his or her present car a. Less than \(5 \mathrm{yr}\) ? b. 3 yr or more?

Short Answer

Expert verified
The probability distribution associated with the survey data is given by: $$ \begin{array}{cc} \hline x & P(x) \\ \hline 0\leq x<1 & 0.03 \\ \hline 1\leq x<3 & 0.22 \\ \hline 3\leq x<5 & 0.18 \\ \hline 5\leq x<7 & 0.17 \\ \hline 7\leq x<10 & 0.12 \\ \hline 10\leq x & 0.28 \\ \hline \end{array} $$ a) The probability that an automobile owner selected at random plans to keep their present car for less than 5 years is \(0.43\). b) The probability that an automobile owner selected at random plans to keep their present car for 3 years or more is \(0.75\).

Step by step solution

01

Calculate the probability distribution for each range of years.

For each set of years (\(x\)), divide the number of respondents by the total number of respondents (2000) to obtain the probability. \(P(0\leq x<1)\) = \(\frac{60}{2000}\) \(P(1\leq x<3)\) = \(\frac{440}{2000}\) \(P(3\leq x<5)\) = \(\frac{360}{2000}\) \(P(5\leq x<7)\) = \(\frac{340}{2000}\) \(P(7\leq x<10)\) = \(\frac{240}{2000}\) \(P(10\leq x)\) = \(\frac{560}{2000}\) Now compute the probabilities: 1. \(P(0\leq x<1)=0.03\) 2. \(P(1\leq x<3)=0.22\) 3. \(P(3\leq x<5)=0.18\) 4. \(P(5\leq x<7)=0.17\) 5. \(P(7\leq x<10)=0.12\) 6. \(P(10\leq x)=0.28\) The probability distribution is: $$ \begin{array}{cc} \hline x & P(x) \\ \hline 0\leq x<1 & 0.03 \\ \hline 1\leq x<3 & 0.22 \\ \hline 3\leq x<5 & 0.18 \\ \hline 5\leq x<7 & 0.17 \\ \hline 7\leq x<10 & 0.12 \\ \hline 10\leq x & 0.28 \\ \hline \end{array} $$
02

Calculate the probability for less than 5 years.

To find the probability of an automobile owner planning to keep their current car for less than 5 years, we will sum the probabilities for each range of years less than 5: \(P(x<5)\) = \(P(0\leq x<1) + P(1\leq x<3) + P(3\leq x<5)\) \(P(x<5)\) = \(0.03 + 0.22 + 0.18\) \(P(x<5)\) = \(0.43\) The probability that an automobile owner selected at random plans to keep their present car for less than 5 years is 0.43.
03

Calculate the probability for 3 years or more.

To find the probability of an automobile owner planning to keep their current car for 3 years or more, we will sum the probabilities for each range of years greater or equal to 3: \(P(x\geq3)\) = \(P(3\leq x<5) + P(5\leq x<7) + P(7\leq x<10) + P(10\leq x)\) \(P(x\geq3)\) = \(0.18 + 0.17 + 0.12 + 0.28\) \(P(x\geq3)\) = \(0.75\) The probability that an automobile owner selected at random plans to keep their present car for 3 years or more is 0.75.

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