A gas station finds that the mean number of people buying gas in any 30-min period is
Question:
A gas station finds that the mean number of people buying gas in any 30-min period is 16. Use the Poisson distribution to compute the probability that between 25 and 35 people, inclusive, will buy gas in any 30-min period. Use the normal approximation to the Poisson to recalculate your result. Which method is easier to use?
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The Poisson probability gives the probability of a given number of events happening in a fixed interval of time We can use it to predict the probabili...View the full answer
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Related Book For 
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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