Write the poisson formula and describe possible values of x

Assignment Help Applied Statistics

Reference no: EM13911748

1. The values of a Poisson random variable are x = 0, 1, 2, 3, . . . Explain what these values represent.

2. Explain the assumptions that must be satisfied when a Poisson distribution adequately describes a random variable x.

METHODS AND APPLICATIONS

3. Suppose that x has a Poisson distribution with m = 2.

a. Write the Poisson formula and describe the possible values of x.

b. Starting with the smallest possible value of x, calculate p(x) for each value of x until p(x) becomes smaller than .001.

c. Graph the Poisson distribution using your results of b.

d. Find P(x = 2).

e. Find P(x 4).

f. Find P(x 4).

g. Find P(x > 1) and P(x > 2).

h. Find P(1 <>x 4).

i. Find P(2 <>x 5).

j. Find P(2 <>x 6).

Reference no: EM13911748

Questions Cloud

Shares of stock outstanding at a market price : Joe and Co., an online options broker, is an all equity firm with 60,000 shares of stock outstanding at a market price of $50 a share. The company has earnings before interest and taxes of $87,000. How many shares of stock will you continue to own if..

How should earned but unbilled revenues balance sheet data : The FASB concluded that if a company sells its product but gives the buyer the right to return the product, revenue from the sales transaction shall be recognized at the time of sale only if all of six conditions have been met. Which of the follow..

The transactions and adjustments related : The transactions and adjustments related to the first month of operations of Zoe Amelia Corp. were as follows: a. Issued common stock to the initial stockholders in exchange for their cash investment.

What is the balance in account : Lee Holmes deposited $15,900 in a new savings account at 6% interest compounded semi annually. At the beginning of year 4, Lee deposits an additional $40,900 at 6% interest compounded semi annually. At the end of 6 years, what is the balance in Lee’s..

Write the poisson formula and describe possible values of x : Write the Poisson formula and describe the possible values of x. Starting with the smallest possible value of x, calculate p(x) for each value of x until p(x) becomes smaller than .001.

Interest compounded semi annually : Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semi annually.

Review the current asset data presented for each company : The 2011 annual reports of Pearson plc and The McGraw Hill Companies, Inc., two publishing and information services companies included the following selected data as at December 31, 2011, and 2010:

Treatment of leukemia : Phosphorus-32 is used in the treatment of leukemia. It has a half-life of 14 days. If a sample received by a medical lab has a mass of 16.0 g, how many grams of the sample is still active 8.0 weeks later.

Confidence interval estimate for the population mean amount : Construct a 95% confidence interval estimate for the population mean amount spent for lunch ($) at a fast-food restaurant, assuming a normal distribution

User Account

All Pages