(Answered) The local police department must write an average of 5

Economics

The local police department must write an average of 5 traffic tickets each day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.5 tickets per day. Interpret the value of the mean.

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Business Economics, Economics

Category:- Business Economics
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The local police department must write an average of 5

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