Web visitors. A website manager has noticed that during the evening hours, about 3 people per minute

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Web visitors. A website manager has noticed that during the evening hours, about 3 people per minute check out from their shopping cart and make an online purchase. She believes that each purchase is independent of the others.

a) What model might you suggest to model the number of purchases per minute?

b) What model would you use to model the time between events?

c) What is the mean time between purchases?

d) What is the probability that the time to the next purchase will be between 1 and 2 minutes?

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 06, 2024 11:03 AM

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Web visitors. A website manager has noticed that during the evening hours, about 3 people per minute

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Business Statistics

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