Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) A Bank receives an average of 20 customers per hour. It is assumed that the number of customers received to follow a Poisson distribution.

a) A Bank receives an average of 20 customers per hour. It is assumed that the number of customers received to follow a Poisson distribution.

i) Calculate the probability of receiving at least 7 customers in 15 minutes?

ii) What is the probability that less than 8 customers are received in 30 minutes?

image text in transcribed
Question 2 ([3 + 2] + [2 + 3] = 10 marks) a) A Bank receives an average of 20 customer per hour. It is assumed that the number of customers received follow a Poisson distribution. i) Calculate the probability of receiving at least 7 customers in 15 minutes? Let x = the number of customers received follow a Poisson distribution Mean = P (m: >=7) = (max >= ii) What is the probability that less than 8 customers are received in 30 minutes? P (W8) b) The proportion of female customers in a branch of Westpac is 40%. Determine: 1) What is the probability that a randomly selected sample of 200 customers in the same branch, less than 60 of them are female

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Discrete Mathematics

Authors: Gary Chartrand, Ping Zhang

1st Edition

1478616261, 9781478616269

More Books

Students also viewed these Mathematics questions