Assume that, in an area, the number of traffic accidents on a randomly chosen day is a
Question:
Assume that, in an area, the number of traffic accidents on a randomly chosen day is a Poisson r.v. with parameter λ1, and the number of injuries a particular accident causes is a Poisson r.v. with parameter λ2. Write the m.g.f. of the total number of injuries. The corresponding distribution is called Poisson-Poisson. Make up another example where such a distribution would serve as an appropriate model.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In accor...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Assume that, in an area, the number of traffic accidents on a randomly chosen day is a Poisson r.v. with = 300, and the probability that a separate accident causes serious injuries is p = 0.07. The...
-
The Poisson distribution is often appropriate in the "binomial" situation of n independent and identical trials, where each trial has probability p of success, but n is very large and p is very...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
What steps have been taken in the EU to provide lighter accounting regulation for micro-entities?
-
Consider Example 10.12 in which a current-source inverter is driving a load consisting of a sinusoidal voltage. The inverter is controlled to produce the stepped current waveform shown in Figure. a....
-
Prove the formula, where and are positive integers.
-
Draw the energy line and hydraulic grade line for the flow shown in Problem 3.77. Problem 3.77 Water flows steadily with negligible viscous effects through the pipe shown in Fig. P3.77. It is known...
-
Brigman Industries is evaluating its financing requirements for the coming year. The firm has been in business for 1 year, and the CFO expects that the relationship between firm sales and its...
-
Respond in a summative manner to the 2 separate posts. Post 1 In your reading it sets forth the pronouncement that the Constitution is the supreme law of the land. How does Planned Parenthood of S.E....
-
The number of customers of a company during a randomly chosen day is a r.v. K for which P(K = k) = 1/3(2/3)k, k = 0,1, .... The amount spent by a particular customer is an exponential r.v. with a...
-
The number of customers of a company for a randomly chosen day is a Poisson r.v. with parameter = 50. The amount spent by each customer is an exponential r.v. with a mean of m = 100. All the r.v.s...
-
The following information was developed from the financial statements of Free Time, Inc. At the beginning of 2021, the companys former supplier went bankrupt, and the company began buying merchandise...
-
Explain why managers need not diversify the firms they run.
-
How are RADRs related to the capital asset pricing model (CAPM)? What is an asset beta? What is a pure play firm?
-
Assume that capital markets are perfect, then calculate the cost of debt for a group of firms that each are worth $6 million, have a weighted average cost of capital of 19%, and the following equity...
-
Incredible Solutions issued a $1,120-par-value bond that is convertible at $28 per share. What is the bonds conversion ratio? If the stock is currently selling at $30 per share, what is the bonds...
-
What is the Euromarket?
-
The Goodson Company is a chain of retail electronics stores. How much of a loss can Goodson deduct in each of the following cases? Explain. a. An employee drops a 42-inch plasma television, cracking...
-
Without solving, determine the character of the solutions of each equation in the complex number system. 3x 2 3x + 4 = 0
-
In which of the following situations would the taxpayer realize taxable income? a. A mechanic performs work on his own automobile. The mechanic would have charged a customer $400 for doing the same...
-
Which of the following would be includable in gross income? a. Alice appeared on a TV quiz show and received a prize of $5,000. b. Bart received $500 from his employer because he developed an idea...
-
Don is the beneficiary of a $50,000 insurance policy on the life of his mother, Anna. To date, Anna has paid premiums of $16,000. What amount of gross income must be reported in each of the following...
-
Michael is single and 3 5 years old. He is a participant in his employer's sponsored retirement plan. How much can Michael directly contribute to a Roth IRA in 2 0 2 3 in each of the following...
-
Wilmington Company has two manufacturing departments Assembly and Fabrication. It considers all of its manufacturing overhead costs to be fixed costs. The first set of data that is shown below is...
-
Dorsey Company manufactures three products from a common input in a joint processing operation. Joint processing costs up to the split-off point total $355,000 per quarter. For financial reporting...
Study smarter with the SolutionInn App