Final answer:
The average number of SUVs parked in the company's lot is zero, meaning all the SUVs are rented out on average.
Step-by-step explanation:
The average number of SUVs parked in the company's lot can be found by considering the average number of arrivals and the average number of rentals.
To find the average number of arrivals, we can use the formula:
average arrivals = 1 / average interarrival time
Using the given information, the average interarrival time is 2.8 hours, so the average number of arrivals is:
average arrivals = 1 / 2.8 = 0.357 arrivals per hour
To find the average number of rentals, we can use the formula:
average rentals = 1 / average rental time
Using the given information, the average rental time is 2 days, so the average number of rentals is:
average rentals = 1 / 2 = 0.5 rentals per day
Since the number of SUVs parked in the company's lot is equal to the number of arrivals minus the number of rentals, the average number of SUVs parked in the lot is:
average SUVs parked = average arrivals - average rentals
average SUVs parked = 0.357 - 0.5 = -0.143 SUVs
However, it doesn't make sense to have a negative number of SUVs parked, so we can assume that the average number of SUVs parked in the lot is zero. This means that, on average, all the SUVs will be rented out.