A financial consultant has an average of 7 customers he consults with each day, which are assumed
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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 requires 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?
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Related Book For
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
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