Question
Mark is interested in the number of fish he can catch in a given of time period, which follows a Poisson Distribution. He collected data
Mark is interested in the number of fish he can catch in a given of time period, which follows a Poisson Distribution. He collected data on the number of fish he can catch for 300 consecutive one-hour periods. During 45 of those one-hour periods, there are no fish to be caught. What is the median of time Mark will catch fishes?
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
