Suppose occurrences of sales on a small companys website are well modeled by a Poisson model with
Question:
a) If a sale just occurred, what it the expected waiting time until the next sale?
b) What is the probability that the next sale will happen in the next 6 minutes?
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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