Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Assume that the number of customers who arrive at a water ice stand follows the Poisson distribution with an average rate of 6.4 per 30 minutes. What is the probability that more than one customer will arrive during the next 30 minutes?

A) 0.7006

B) 0.7524

C) 0.9081

D) 0.9877

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M93124461
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

The usable lifetime of a particular electronic component is

The usable lifetime of a particular electronic component is known to follow an exponential distribution with a mean of 6.2 years. Let X = the usable lifetime of a randomly selected component. (a) The proportion of these ...

The mean distance commuters drove to work each day was

The mean distance commuters drove to work each day was estimated to be 40.8 miles from a sample of 45 commuters. The sample standard deviation was 5.8 miles. Assume that the distance commuters drive to work each day are ...

Ross textiles wishes to measure its cost of common stock

Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of 2013. The dividends for the past 5 years are shown ...

Recent tariff actions by president trump include raising

Recent tariff actions by President Trump include raising tariffs and quotas on imports of both manufactured goods like televisions and automobiles and intermediate goods like steel and aluminum sheets. How will the econo ...

An independent-measures study has one sample with n 10 and

An independent-measures study has one sample with n = 10 and a second sample with n = 15 to compare two experimental treatments. What is the df value for the t statistic for this study?

Normal curve using the znormal chartplease make

Normal Curve (using the Z/Normal Chart) Please make a separate sketch for each question!!. Put all of the information and answers on your pictures (percents inside the curve, z-scores under the curve, mean and raw scores ...

Suppose that 1 of the employees of a certain company use

Suppose that 1% of the employees of a certain company use illegal drugs. This company performs random drug tests that return positive results 99% of the time if the person is a drug use. However, it also has a 2% false p ...

A certain device is used to determine the sex of an unborn

A certain device is used to determine the sex of an unborn baby, but the device is not very reliable. If the fetus is truly a boy, the device says BOY with probability 0:8 (but, mistakenly, GIRL with probability 0:2). If ...

I define the parameter of interest in the context of the

(i) Define the parameter of interest in the context of the problem (ii) State the alternative hypothesis. (iii) State the distribution used to calculate the P-value (not the formula, but the distribution, eg. t distribut ...

How is the study of how firms decisions about prices and

How is the study of how firms' decisions about prices and quantities depend on the market conditions they face,the field of industrial organization, and the cost of production.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As