Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that

Question:

Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant A financial consultant has an average of 7 customers he consults with each day, which are assumed to be Poisson distributed. The consultant’s overhead re-quires that he consult with at least 5 customers in order that fees cover expenses. Find the probabilities of 0– 10 customers in a given day. What is the probability that at least 5 customers will schedule his services? Will have on a daily basis. What percentage will meet his target of at least 5?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: