A website manager has noticed that during the evening hours, about 3 people per minute check out
Question:
a) What model might you suggest to model the number of purchases per minute?
b) What is the probability that in any 1 minute at least one purchase is made?
c) What is the probability that no one makes a purchase in the next 2 minutes?
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Answer rating: 75% (8 reviews)
a The Poisson model because it is a good model to use when the data consists of co...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Question Posted:
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