Customers arrive to a store according to a Poisson process with rate (lambda=10) per hour. On average,

Question:

Customers arrive to a store according to a Poisson process with rate \(\lambda=10\) per hour. On average, one fourth of all customers buy something, and their decisions are made independently of other customers and of the arrival process. Find the expected number of purchases made during a 2-hour period. (To justify your answer, condition and uncondition on the number of customers that arrive.)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: