Question: Suppose occurrences of sales on a small company s website are

Suppose occurrences of sales on a small company’s website are well modeled by a Poisson model with A — 5/hour.
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?

View Solution:


Sale on SolutionInn
Sales0
Views251
Comments
  • CreatedMay 14, 2015
  • Files Included
Post your question
5000