Problem regarding the web visitors

Assignment Help Accounting Basics

Reference no: EM131008720

Web visitors

A website manager has noticed that during the evening hours, about 3 people per minute check out from their shopping cart and make an online purchase. She be- lieves that each purchase is independent of the others.

a) What model might you suggest to model the number of purchases per minute?

b) What model would you use to model the time between events?

c) What is the mean time between purchases?

d) What is the probability that the time to the next pur- chase will be between 1 and 2 minutes?

Reference no: EM131008720

Questions Cloud

Critical review of a current debate in project management : Critical review of a current debate in project management - A description of the two project management planning tools you selected, including a brief explanation of why you find these tools interesting or relevant to your work.

Determining the low job satisfaction : Suppose that job satisfaction scores can be modeled with N1100, 122. Human resource departments of corporations are generally concerned if the job satisfaction drops below a certain score.

Problem regarding the lefties-seatbelts : A lecture hall has 200 seats with folding arm tablets, 30 of which are designed for left-handers. The typical size of classes that meet there is 188, and we can assume that about 13% of students are left-handed. Use a Normal approximation to find ..

Problem regarding the monitoring quality : A cell phone manufacturer samples cell phones from the assembly to test. She noticed that the number of faulty cell phones in a production run of cell phones is usually small and that the quality of one day's run seems to have no bearing on the n..

Problem regarding the web visitors : A website manager has noticed that during the evening hours, about 3 people per minute check out from their shopping cart and make an online purchase. She be- lieves that each purchase is independent of the others.

Create database relationships : Create Database Relationships- Your first task is to download a Microsoft Access database and create the relationships between tables in the database in Microsoft Access that has been populated with data from the Excel spreadsheet which includes t..

Total number of years of experience : CEOs. A business publication recently released a study on the total number of years of experience in industry among CEOs. The mean is provided in the article, but not the standard deviation. Is the standard deviation most likely to be 6 months, 6 ..

Value represents the percentile : Mutual funds, finis. Consider the Normal model N10.024, 0.0562 for returns of mutual funds in Exercise 21 one last time. a) What value represents the 40th percentile of these returns? b) What value represents the 99th percentile?

Cutoff values of mutual funds : Mutual funds, once more Based on the model N(0.024, 0.056) for quarterly returns from Exercise 21, what are the cutoff values for the

User Account

All Pages