Find probability to not be able to make the payment

Assignment Help Basic Statistics

Reference no: EM13121605

Consider a charity organizations that receives random donations. Assume the donations to arrive following a Poisson process with a rate of one donation per hour in average. Each donation can be $1, $5, $10, or $50 with equal probability.

day's balance is zero. In one year time (365 days from now) the organization will have a one time expense of $140,000 to buy a new office.

What is the probability that it will not be able to make the payment?

Write a program to solve the above problem

Reference no: EM13121605

Questions Cloud

Illustrate what is the net present value of the asset : The company's tax rate is 30% and its discount rate is 15%. Illustrate what is the net present value of the asset?

Which statement below least supports this idea : Glycolysis is believed to be one of the most ancient of metabolic processes. Which statement below least supports this idea?

Calculate after tax cash inflow from the disposal : Silver Shades corporation disposes of a capital asset with an oringial cost of 115000 and accumulated depriciation of 62500 for a salvage price of 18000. Silver Shades tax rate is 30%. Calculate after tax cash inflow from the disposal of the capit..

What is the partial pressure of helium : A 295mLflask contains pure helium at a pressure of 742torr . A second flask with a volume of 465mL contains pure argon at a pressure of 717torr .

Find probability to not be able to make the payment : Consider a charity organizations that receives random donations. Assume the donations to arrive following a Poisson process with a rate of one donation per hour in average. What is the probability that it will not be able to make the payment?

Relationship between inflation and unemployment rates : Economic data has shown a relationship between Inflation and Unemployment rates. What is this relationship called? What are some determining factors of the relationship? How has government fiscal/monetary policy been utilized to attempt to manage ..

Maslow''s theory seems to fit for much of behavior : Maslow's theory seems to fit for much of behavior, but what about people who go on hunger strikes to meet higher order needs or who risk their own safety to protect their children?

What is the correct structure of the native protein : A protein has a molecular mass of 200 kDa as determined by gel filtration (=native molecular weight). When separated by SDS-PAGE (without a reducing agent present) only one polypeptide appeared with a mass corresponding to 100 kDa.

What is the ph of this solution : A buffer (pH 3.70) was prepared by mixing 1.00 mole of formic acid and 1.00 mole of sodium formate to form an aqueous solution with a total volume of 1.00 L.

User Account

All Pages