Problem related to poisson distribution with mean

Assignment Help Basic Statistics

Reference no: EM1396673

A store selling newspapers orders only x=4 of a certain newspaper because the manager does not get many calls for that publication. If the number of requests per day follows a Poisson distribution with mean 3.

a) What is the expected value of the number sold?

b) How many should the manager order so the chance of running out is less than 0.05?

Reference no: EM1396673

Questions Cloud

Minimization and maximization lp model : Distinguish between a minimization and maximization LP model. Other than minimizing costs and maximizing profits, give a real-world example of where you would want to minimize something or maximize something.

Competitive or noncompetitive inhibitor of enzyme reaction : You are studying compound X and are trying to determine whether it is a competitive or a non-competitive inhibitor of an enzyme reaction catalyzed by the enzyme zyrase.

General rule paper must contain directly quoted materials : As general rule, no more than 15% to 20% of your paper must contain directly quoted materials. Do you agree with this rule?

Regression analysis of annual sales : Reliable Furniture is a family business that has been selling to retail customers in the Chicago area for many years. They advertise extensively on radio and TV, emphasizing their low prices and easy credit terms.

Problem related to poisson distribution with mean : A store selling newspapers orders only x=4 of a certain newspaper because the manager does not get many calls for that publication. If the number of requests per day follows a Poisson distribution with mean 3.

Assumptions and requirements for lp model : What are the assumptions and requirements for an LP model to be formulated and used? Under what conditions will an LP problem: be unbounded? be infeasible? have more than one optimal solution?

Calculate how you will accomplish this task : Calculate how you will accomplish this task.

Estimate the diameter of the specimen : The 4X objective has a field of view of 3mm. If you viewed a specimen through the 10X objective and the specimen spanned approximately 50% of the field of view!

Calculate the coefficient of determination : Calculate the coefficient of determination, given that the linear correlation coefficient, r, is -0.625. What does this tell you about the explained variation and the unexplained variation of the data about the regression line?

User Account

All Pages