Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 1 pts Which of the following are true of Poisson distributions? Consider both the use of Poisson distributions and how we can

image text in transcribed

Question 2 1 pts Which of the following are true of Poisson distributions? Consider both the use of Poisson distributions and how we can simulate them in Excel, with or without Analysis Toolpak. We can generate random numbers to do an analysis or estimate We can generate random numbers to do an analysis or estimate It is useful for employee scheduling, such as for tellers in a bank. It assumes the distribution is constant, neither random nor normal. None of the other answers are correct. Question 3 Why would we generate random numbers in Excel when using a Poisson Distribution? Because customers could arrive more or less at random during specific time periods Because customers cannot arrive more or less at random during specific time period Generating random numbers allows us to simulate random arrivals. Using random numbers is not recommended as it doesn't work and may produce crazy results Random numbers help us determine likely distances to a warehouse or shipping point when customer location is unknown. 1 pts

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

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

9th edition

290-1259222138, 1259222136, 978-1259222139

More Books

Students also viewed these Accounting questions