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Ipatiy [6.2K]
4 years ago
9

During off hours, cars arrive at a tollbooth on the East-West toll road at an average rate of 0.5 cars per minute. The arrivals

are distributed according to a Poisson distribution. What is the probability that during the next five minutes, three cars will arrive
Mathematics
1 answer:
Norma-Jean [14]4 years ago
6 0

Answer:

P(X=3) = 2.5^3 \frac{e^{-2.5}}{3!}=0.214

Step-by-step explanation:

Definitions and concepts

The Poisson process is useful when we want to analyze the probability of ocurrence of an event in a time specified. The probability distribution for a random variable X following the Poisson distribution is given by:

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

And the parameter \lambda represent the average ocurrence rate per unit of time

For this case we know that \lambda =0.5 cars/min

And we want the probability that during the next five minutes, three cars will arrive, so then our rate becomes:

\lambda = 0.5 \frac{cars}{min}* 5 min = 2.5 cars

And we want this probability:

P(X=3)

And if we use the pmf we got:

P(X=3) = 2.5^3 \frac{e^{-2.5}}{3!}=0.214

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3 years ago
The revenue equation (in hundreds of millions of dollars) for barley production in a certain country is approximated by R(x) = 0
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Answer:

The marginal-revenue equation is R'(x)=0.1226x+1.1584.

The marginal revenue for the production of 200,000,000 bushels is R'(x)=1.4036.

The marginal revenue for the production of 650,000,000 bushels is R'(x)=9.1274.

Step-by-step explanation:

The derivative R'(x) of the revenue function is called the marginal revenue function and is the rate of change of revenue with respect to the number of units sold.

We know the revenue function, R(x) = 0.0613x^{2} +1.1584x+2.4813. Therefore, the marginal revenue function is

R'(x)=\frac{d}{dx}R(x) = \frac{d}{dx}(0.0613x^{2} +1.1584x+2.4813)\\\\=\frac{d}{dx}\left(0.0613x^2\right)+\frac{d}{dx}\left(1.1584x\right)+\frac{d}{dx}\left(2.4813\right)\\\\R'(x)=0.1226x+1.1584

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200,000,000 bushels we use x = 2, since x is in units of hundreds of million of dollars.

R'(x)=0.1226\cdot \:2+1.1584\\\\R'(x)=0.2452+1.1584\\\\R'(x)=1.4036

650,000,000 bushels we use x = 65, since x is in units of hundreds of million of dollars.

R'(x)=0.1226\cdot \:65+1.1584\\\\R'(x)=7.969+1.1584\\\\R'(x)=9.1274

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Answer:

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