Find probability to not be able to make the payment

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

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