A local hospital estimates that the number of patients admitted daily to the emergency room has a Poisson probability distribution with a mean of 4 0 What is the probability that on a given day (a) Only 2 patients will be admitted (b) At most 6 patients will be admitted (c) No one will be admitted ...

a Poisson distribution 4 PX 2 02380092 0146 b PX 6 088 ...

A local hospital estimates that the number of patients admitted daily to the emergency room has a

Question:

A local hospital estimates that the number of patients admitted daily to the emergency room has a Poisson probability with a mean of 4.0. What is the probability that on a given day:
(a) Only 2 patients will be admitted?
(b) At most 6 patients will be admitted?
(c) No one will be admitted?
(d) What is the standard deviation of the number of patients admitted?
(e) For each patient admitted, the expected daily operational expenses to the hospital are $800. If the hospital wants to be 94.9% sure of meeting daily expenses, how much money should it retain for operational expenses daily?
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...