Probability of exactly one success by poisson distribution

Assignment Help Basic Statistics

Reference no: EM1311522

1) Banner Mattress and Furniture Company wants to study number of credit applications received per day for the last 300 days. Information is reported:.

Number of Credit Applications    Frequency (Number of Days)
                0    50
                1   77
                2                                       81
                3                                       48
                4                                       31
                5 or more    13

To understand, there were 50 days on which no credit applications were got, 77 days on which only 1 application was got, and so on. Would it be sensible to conclude that population distribution is Poisson with mean of 2.0? Use the .05 significance level. To determine expected frequencies use Poisson distribution with mean of 2.0.

Determine the probability of exactly one success given Poisson distribution with mean of 2.0. Multiply this probability by 300 to determine expected frequency for number of days in which there was accurately one application. Find out the expected frequency for other days in similar manner.

Reference no: EM1311522

Questions Cloud

Linear regression model : A faculty group wants to determine whether job rating (x) is a useful linear predictor of raise (y). Consequently, the group considered the linear regression model:

What is the weight of spacecraft : Speedboat A negotiates a curve whose radius is 150m. Speedboat B negotiates the curve whose radius is 190m. Each boat experiences the same centripetal acceleration. What is the ratio vA/vB of the speeds of boats.

Scenario of fed plans to achieve objectives : What are those key objectives and what are the key tools the Fed plans to use to achieve those objectives?

Purpose the company budgeted balance sheet : Purpose the company budgeted balance sheet - The management of Mecca Copy, a photocopying center located on University Avenue, has compiled the following data to use in preparing

Probability of exactly one success by poisson distribution : Determine the probability of exactly one success given Poisson distribution with mean of 2.0.

Find the final velocity of each mass : In this week's video, Bill Goodykoontz talks about morality and ethics in pop culture. The freedom of speech and expression allows the variety of pop culture media to be released, which may sometimes be offensive material. Can pop culture still have ..

Calculate escape velocity for an object : Calculate escape velocity for an object started at the surface of the earth, going straight up. Neglect any complications due to the earth turning.

Purpoes company budgeted income statement : Purpoes the company budgeted income statement. Use the absorption costing income statement format shown in schedule?

Method of least squares model : Use the method of least squares to model the relationship between x and y.

User Account

All Pages