A businessman parks his car illegally in the streets of amst

Assignment Help Applied Statistics

Reference no: EM13721201

A businessman parks his car illegally in the streets of Amsterdam twice a day for a period of exactly one hour. Parking surveillances occur according to a Poisson process with an average of λ passes per hour. What is the probability of the businessman getting a fine on a given day?

Reference no: EM13721201

Questions Cloud

Strategy of the two organizations : Question 1: Evaluate the impact that innovation, design, and creativity have on the strategy of the two organizations. Question 2: Consider processes, products, or services of your selected organizations

The time it takes to process phone orders : 12) The time it takes to process phone orders in a small florist/gift shop is normallydistributed with a mean of 6 minutes and a standard deviation of 1.24 minutes.a. What cutoff value would separate the 2.5% of orders that take the most time ..

The option to buy extended warranties is commonplace : The option to buy extended warranties is commonplace with most electronics purchases.But does the type of purchase affect a consumer's willingness to pay extra for an extendedwarranty? Data for 420 consumers who purchased big screen TVs and la..

Find thecovariance between x and y : Suppose that two students named Gwyneth and Josephine have a total of 20 CDs in their room, consisting of 5 blues CDs and 15 reggae CDs. Each of the students chooses 7 CDs at random (without replacement), with all choices equally likely. (Thus, a..

A businessman parks his car illegally in the streets of amst : A businessman parks his car illegally in the streets of Amsterdam twice a day for a period of exactly one hour. Parking surveillances occur according to a Poisson process with an average of λ passes per hour. What is the probability of the bus..

A company manufactures microwave for popcorn : A company manufactures microwave for popcorn and claims that only 2% of the popcorn failed to pop. Another company who is competitor believes that percentage could be much higher. So this second company does tests with 3000 kernels and finds ..

What does the r-value mean : Using simple linear regression, test whether age when first married (agewed) related to total family income (income91). Report the R-Value. What does the R-Value mean? What is the R-square value, and what does that mean? Finally state the regre..

How did the media article do at explaining the findings : How did the media article do at explaining the findings? Is their summary accurate or misleading? Although the article may contain statistical concepts beyond the level of this class, it will most likely be based in things that we are learning...

Describe markov chain and set up the transition ma : Describe this as a Markov chain and set up the transition matrix and what is the expected number of days until his shares are sold either at the share price of $45 or $50 or more?

User Account

All Pages