Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are interested in finding out the mean number of customers entering a 24-hour convenience store every 10-minutes. You suspect this can be modeled by

You are interested in finding out the mean number of customers entering a 24-hour convenience store every 10-minutes. You suspect this can be modeled by the Poisson distribution with a a mean of=4.21

=4.21customers. You are to randomly pick=50

n=5010-minute time frames, and observe the number of customers who enter the convenience store in each. After which, you are to average the 50 counts you have. That is, compute the value ofX.

(a)What can you expect the value ofXto be?

(b)Find the value of the standard deviation of

X=

(c)Find the probability that mean of the sample of 50 is between 2.9 and 4.7. If rounding only round once, at the end do not round before that. Ensure you use at least four decimals in your

z-values.

(2.94.7)=

(d)92% of the time, the observed value of

Xwill exceed what value?

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

Students also viewed these Mathematics questions