Let N Pois(1) be the number of movies that will be released next year. Suppose that
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Question:
Let N ∼ Pois(λ1) be the number of movies that will be released next year. Suppose that for each movie the number of tickets sold is Pois(λ2), independently. Find the mean and variance of the number of movie tickets that will be sold next year.
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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