Examples of the binomial and poisson distributions

Reference no: EM13236662

Examples of the binomial and poisson distributions are all around us. Identify a real-life example or application of either the binomial or poisson distribution. Specify how the conditions for that distribution are met. Suggest reasonable values for n and p (binomial) or mu (poisson) for your example. Calculate the mean and standard deviation of the distribution for your example.

Reference no: EM13236662

Questions Cloud

Why were members of opec trying to agree cut production : The New York Times (Nov 30, 1993) reported that 'the inability of OPEC to agree last week to cut production has sent the oil market into turmoil. the lowest price for domestic crude oil since June 1990.

What is the angle of the plane : The initial velocity of a 2.28 kg block sliding down a frictionless inclined plane is found to be 1.11 m/s, What is the angle of the plane with respect to the horizontal

Compute the likelihood that she indeed has the cancer : A pair of dice is rolled. The sum of the faces on top is observed. What are the expectation, variance, and standard deviation of the observed sum? The Expectation and Variance Template attached to the main posting is optional and recommended.

Calculate the per-unit subsidy required to achieve : Under pressure from apple growers, the government decides to put a per-unit subsidy the apple market that results in a new equilibrium quantity of 10 lbs of apples. A small country that currently does not trade with the world

Examples of the binomial and poisson distributions : Examples of the binomial and poisson distributions are all around us. Identify a real-life example or application of either the binomial or poisson distribution. Specify how the conditions for that distribution are met.

Should marketing or sale be responsible for generating leads : 1-) Which step of the personal selling process has been most impacted by Internet technology 2-) Should marketing or sales be responsible for generating leads 3-) How does the salesperson determine whether the lead is good prospect

Find the marginal distribution of vehicle type in new york : Find the marginal distribution of vehicle type in New York and find the conditional distribution of vehicle type given that the transmission is automatic.

Determine what is the amount of the final payment : A $150 bicycle was purchased on Dec 1 with a $15 downpayment. The balance is to be paid at the rate of $10 at end of each month, with the first payment due on Dec 31. The last payment may be some amount less than $10.

Evaluate the molar mass of the unknown : Calculate the molar mass of the unknown. Assume that the molal freezing point depression constant of water is 1.86°C•kg/mol and that the freezing point of water is 0.00°C. Please show all calculations in solving the problem

User Account

All Pages