Is the Poisson model suited to these applications? (a) The number of customers who enter a store

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Is the Poisson model suited to these applications?
(a) The number of customers who enter a store each hour
(b) The number of auto accidents reported to a claims office each day
(c) The number of broken items in a shipment of glass vials

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Statistics For Business Decision Making And Analysis

ISBN: 9780321890269

2nd Edition

Authors: Robert Stine, Dean Foster

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Question Posted: Jul 14, 2015 08:51 AM

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Is the Poisson model suited to these applications? (a) The number of customers who enter a store

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a Yes however the rate probably varies from weekdays to weekends o...View the full answer

Statistics For Business Decision Making And Analysis

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