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egoroff_w [7]
3 years ago
14

The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and me

an 0.2 each day during the weekend. The number of phone calls that Ben receives on one day is independent of the number of phone calls that he receives on other days. If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?
Mathematics
1 answer:
Dovator [93]3 years ago
3 0

Answer:

There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.

Step-by-step explanation:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

In which

x is the number of sucesses

e = 2.71828 is the Euler number

\mu is the mean in the given time interval.

The problem states that:

The number of phone calls that Actuary Ben receives each day has a Poisson distribution with mean 0.1 during each weekday and mean 0.2 each day during the weekend.

To find the mean during the time interval, we have to find the weighed mean of calls he receives per day.

There are 5 weekdays, with a mean of 0.1 calls per day.

The weekend is 2 days long, with a mean of 0.2 calls per day.

So:

\mu = \frac{5(0.1) + 2(0.2)}{7} = 0.1286

If today is Monday, what is the probability that Ben receives a total of 2 phone calls in a week?

This is P(X = 2). So:

P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}

P(X = 2) = \frac{e^{-0.1286}*0.1286^{2}}{(2)!} = 0.0073

There is a 0.73% probability that Ben receives a total of 2 phone calls in a week.

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15 * 15 * 15 * 500 = 1,687,500. it's different from finding 45 * 500 because 
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45 * 500 was showing. I hope this helped. 
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What is the image point of (-6,-9)(−6,−9) after a translation left 1 unit and down 5 units?
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Answer:

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-6-1=-7

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Kristen invests $ 5745 in a bank. The bank 6.5% interest compounded monthly. How long must she leave the money in the bank for i
podryga [215]

Answer:

1. 10.7 years

2. 17.0 years

3. 2nd option

Step-by-step explanation:

Use formula for compounded interest

A=P\cdot \left(1+\dfrac{r}{n}\right)^{nt},

where

A is final value, P is initial value, r is interest rate (as decimal), n is number of periods and t is number of years.

In your case,

1. P=$5745, A=2P=$11490, n=12 (compounded monthly), r=0.065 (6.5%) and t is unknown. Then

11490=5745\cdot \left(1+\dfrac{0.065}{12}\right)^{12t},\\ \\2=(1.0054)^{12t},\\ \\12t=\log_{1.0054}2,\\ \\t=\dfrac{1}{12}\log_ {1.0054}2\approx 10.7\ years.

2. P=$5745, A=3P=$17235, n=12 (compounded monthly), r=0.065 (6.5%) and t is unknown. Then


17235=5745\cdot \left(1+\dfrac{0.065}{12}\right)^{12t},

3=(1.0054)^{12t},

12t=\log_{1.0054}3,

t=\dfrac{1}{12}\log_{1.0054}3\approx 17.0\ years.

3. <u>1 choice:</u> P=$5745, n=12 (compounded monthly), r=0.065 (6.5%), t=5 years and A is unknown. Then

A=5745\cdot \left(1+\dfrac{0.065}{12}\right)^{12\cdot 5},\\ \\A=5745\cdot (1.0054)^{60}\approx \$7936.39.

<u>2 choice:</u> P=$5745, n=4 (compounded monthly), r=0.0675 (6.75%), t=5 years and A is unknown. Then

A=5745\cdot \left(1+\dfrac{0.0675}{4}\right)^{4\cdot 5},\\ \\A=5745\cdot (1.0169)^{20}\approx \$8032.58.

The best will be 2nd option, because $8032.58>$7936.39

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Yes both of the two fraction are proportion
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