Essay Problem
Pioneer Aircraft Co. sells private, single-engine planes. Most sales are for customers engaged in private and leisure flying. In a 50-week period, sales in the past five years have averaged to the following:
PLANES SOLD WEEKS THIS NUMBER SOLD
0 40
1 8
2 1
3 1
In a 3 pages essay, determine the items below:
o Determine the probability of each number of planes sold-of 0, 1, 2, 3-in a 50-week period. (Pioneer sales office is closed the other two weeks of the year.)
o Decide what approach is best used to determine probability. Distinguish between the approaches to make it clear that the approach used was the best fit for these airplane sales.
o Determine if the approach would change if we also needed to track sales of some planes with GPS installed.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.