Determine what is the probability the lot is full

Reference no: EM13309280

A small parking lot at a neighborhood park has 5 parking spaces, and the number of occupied slots at 9 AM is a binomial random variable, with p=0.75. If vehicle arrivals at the lot follow a poisson process, with arrival rate lambda = 0.2 vehicles/hour, what is the probability the lot is full at 9:15 AM? Assume that no one leaves during this period.

Reference no: EM13309280

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