Lunch customers arrive at a Noodles & Company restaurant at an average rate of 2.8 per minute.
Question:
(a) Calculate the probability that exactly five customers will arrive in a minute during the lunch hour.
(b) Calculate the probability that no more than five customers will arrive in a minute.
(c) What is the average customer arrival rate for a 5-minute interval?
(d) What property of the Poisson distribution did you use to find this arrival rate?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For 
Applied Statistics In Business And Economics
ISBN: 9780073521480
4th Edition
Authors: David Doane, Lori Seward
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