The average amount of money a person spends on lottery tickets each month is 9. By looking
Question:
The average amount of money a person spends on lottery tickets each month is €9. By looking at the data, a Poisson discrete distribution is assumed for this variable. Calculate each of the following.
a. The probability of buying no lottery ticket.
b. The probability of buying 1 lottery ticket.
c. The probability of buying 3 lottery tickets.
d. The probability of buying fewer than or equal 3 tickets.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted: