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The manager of a Vancouver night club has observed that the number of male customers who visit the clubs follows as poisson distribution with the mean of 30 per day and the number of female customers who visit the club follows the poison distribution with the mean of 20 per day . The entrance ticket is $20 per male and $10 per female.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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