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A truck rental company has a fleet of 5 trucks. It rents them out at RM 8 0 per truck per day. The daily demand
A truck rental company has a fleet of trucks. It rents them out at RM per truck per day.
The daily demand for trucks is known to follow a Poisson distribution with mean
i Calculate the probability that the demand for trucks on a particular day can be met.
ii Demonstrate the probability distribution for the daily income received from the truck
rental.
iii Examine the expected daily income received from the rental.
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