Peggys Car Wash can service an average of 12 cars per hour. Given an average arrival rate

Question:

Peggy’s Car Wash can service an average of 12 cars per hour. Given an average arrival rate of 8 customers per hour, use the Poisson distribution to calculate the probability that the car wash can handle the demand. How often would the car wash demand exceed 10 cars per hour? 15 cars per hour?

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...