Problem 3E Customers arrive at a travel agency at a mean rate of 11 per hour. Assuming that the number of arrivals per hour has a Poisson distribution, give the probability that more than 10 customers arrive in a given hour.
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Textbook Solutions for Probability and Statistical Inference
Question
A store selling newspapers orders only n = 4 of a certain newspaper because the manager does not get many calls for that publication. If the number of requests per day follows a Poisson distribution with mean 3, (a) What is the expected value of the number sold? (b) What is the minimum number that the manager should order so that the chance of having more requests than available newspapers is less than 0.05?
Solution
Step 1 of 3
As given that a store selling Newspaper order only n this is equal to 4 of certain Newspaper
Number of request per day follows Poisson distribution with mean equal to 3
You have to find the expected value of number sold and also we have to find the minimum number that the manager should order so that the chance of having more request than available newspaper is less than 0.05
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