Question: A website manager has noticed that during the evening hours, about 3 people per minute check out from their shopping cart and make an online
a) What model might you suggest to model the number of purchases per minute?
b) What model would you use to model the time between events?
c) What is the mean time between purchases?
d) What is the probability that the time to the next purchase will be between 1 and 2 minutes?
Step by Step Solution
3.47 Rating (177 Votes )
There are 3 Steps involved in it
a The Poisson model if conditions are satisfied would be appropriate to model th... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
452-M-S-D-D (145).docx
120 KBs Word File
