The number of orders per week, X, for radios can be assumed to have a Poisson distribution with parameter 25 (a) Find P X 25 and P X 20 (b) If the number of radios in the inventory is 35, what is the probability of a shortage occurring in a week ...

The number of orders per week, X, for radios can be assumed to have a Poisson distribution

Question:

The number of orders per week, X, for radios can be assumed to have a Poisson with parameter λ = 25.
(a) Find P{X ≥ 25} and P{X = 20}.
(b) If the number of radios in the inventory is 35, what is the probability of a shortage occurring in a week?
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...