Pyramid Lake is located in Nevada on the Paiute Indian Reservation. This lake is famous for large
Question:
Pyramid Lake is located in Nevada on the Paiute Indian Reservation. This lake is famous for large cutthroat trout. The mean number of trout (large and small) caught from a boat is 0.667 fish per hour (Reference: Creel Chronicle, Vol. 3, No. 2).
Suppose you rent a boat and go fishing for 8 hours. Let r be a random variable that represents the number of fish you catch in the 8-hour period.
(a) Explain why a Poisson probability distribution is appropriate for r. What is l for the 8-hour fishing trip? Round l to the nearest tenth so that you can use Table 4 of Appendix II for Poisson probabilities.
(b) If you have already caught three trout, what is the probability you will catch a total of seven or more trout? Compute P(r ³ 7 | r ³ 3).
(c) If you have already caught four trout, what is the probability you will catch a total of fewer than nine trout? Compute P(r ³ 9 | r ³ 4).
(d) List at least three other areas besides fishing to which you think conditional Poisson probabilities can be applied.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
Understandable Statistics Concepts And Methods
ISBN: 9781337119917
12th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase