Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please help me answer the question Time left 1:59:52 Guam 1 Suppose you plan to sell your iPhone X on Gumtree (an online trading platform

image text in transcribed

Please help me answer the question

image text in transcribed
Time left 1:59:52 Guam\" 1 Suppose you plan to sell your iPhone X on Gumtree (an online trading platform in Australia). Assume that the Not yet answered number of enquires you receive per week is 20 on average. Marked out of 330 For all the blanks below, please just input numerical answers, round the answers to 2 decimal places, and ignore the _ symbols of the dollar, percentage, comma etc. e Flag question Note that the following questions are independent of each other. Question (a) [1 mark] If the arrival of enquires follows a Poisson distribution, what is the probability of receiving zero enquiry a day? (Instruction: If the probability is 10.23%, then input 10.23 as the answer.) |:]% Question (b) [1 mark] If the arrival of enquires follows a Poisson distribution, what is the probability of receiving more than 4 enquiries (i.e., 4 or more than 4 enquires) a day? (Instruction: If the probability is 10.23%, then input 10.23 as the answer.) I:% Question (c) [1 mark] If the time between any two enquires follows an exponential distribution, and you just received an enquiry. What is the probability that there is another enquiry within the next two hours? (Instruction: If the probability is 10.23%, then input 10.23 as the answer.)|:%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Microeconomics

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

1st Edition

978-1464146978, 1464146977

Students also viewed these Mathematics questions