The number of fires occurring during a 24 hour day follows a Poisson distribution with a mean

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The number of fires occurring during a 24 hour day follows a Poisson distribution with a mean of 4 fires per day as shown in the accompanying table. In examining past records, the fire chief finds that 75 percent of all fires require only one truck and the amount of time required to extinguish a fire is normally distributed with a mean of 3 hours and a standard deviation of 0.5 hour. The other 25 percent of reported fires required 2 trucks and the time to put them out is normally distributed with a mean of 4 hours and a standard deviation of 1 hour. Assume the district has 10 trucks and use a simulation sample of 10 days to determine the average daily utilization of trucks.

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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Service Management Operations Strategy Information Technology

ISBN: 978-0077841201

8th edition

Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi

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