Compute the average time it takes to sell a car in the country
discussed below.
A high-end luxury car manufacturer sells 19,000 cars per year to
four dealerships in four regions of a country. Assume 50 weeks
per year.
Out of this total sale, 19% of the cars are sold in
North-Region, 21% are sold in East-Region, 12% are sold in
West-Region, and the rest are sold in South-Region.
On average there are 2,000 cars of this manufacturer in all
dealerships.
Out of this total inventory, 17% of the cars are in the
dealership in North-Region, 15% is in East-Region, 28% is in
West-Region, and the rest is in South-Region.
Compute the average time it takes to sell a car in this country.
Enter your answers in terms of weeks with ONE decimal point.
Compute the average time it takes to sell a car in the country discussed below. A high-end luxury car manufacturer sells
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