The number of customers entering the lobby of a bank in any 5 minute interval during the
Question:
The number of customers entering the lobby of a bank in any 5 minute interval during the lunch hour from noon until 1 p.m. follows a Poisson process, Poisson(10).
(a) Using the uniform random outcomes above rowwise, simulate the outcomes of the number of customer arrivals for the 125 -minute intervals between noon and 1 p.m.
(b) Calculate the sample mean and variance, and compare them to the true mean and variance.
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Related Book For
Mathematical Statistics For Economics And Business
ISBN: 9781461450221
2nd Edition
Authors: Ron C.Mittelhammer
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