A shop sells a particular make of radio at a rate of four per week on average.
Question:
A shop sells a particular make of radio at a rate of four per week on average. The number sold in a week has a Poisson distribution.
(a) Find the probability that the shop sells at least two in a week.
(b) Find the smallest number that can be in stock at the beginning of a week in order to have at least a 99% chance of being able to meet all demands during that week. (L)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
A Concise Course In Advanced Level Statistics With Worked Examples
ISBN: 9780748754755
4th Edition
Authors: J. Crawshaw, J. Chambers
Question Posted: