The Denver Post reported that, on average, a large shopping center has had an incident of shoplifting
Question:
The Denver Post reported that, on average, a large shopping center has had an incident of shoplifting caught by security once every 3 hours. The shopping center is open from 10A.M. to 9 P.M. (11 hours). Let r be the number of shoplifting incidents caught by security in the 11-hour period during which the center is open.
(a) Explain why the Poisson probability distribution would be a good choice for the random variable r. What is λ ?
(b) What is the probability that from 10A.M. to 9 P.M there will be at least one shoplifting incident caught by security?
(c) What is the probability that from 10A.M. to 9 P.M there will be at least three shoplifting incidents caught by security?
(d) What is the probability that from 10A.M. to 9 P.M there will be no shoplifting incidents caught by security?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
a The Poisson distribution would be a good choice because frequenc...View the full answer
Understandable Statistics Concepts And Methods
ISBN: 9781337119917
12th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
