Your company spends 15% of their budget on rent each year. Their operating budget was $45,000.
1 answer:
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Answer:
a) P(2)=0.270
b) P(X>3)=0.605
c) P=0.410
Step-by-step explanation:
We know that customers arrive at a grocery store at an average of 2.1 per minute. We use the Poisson distribution:
a) In this case:
Therefore, the probability is P(2)=0.270.
b) In this case:
Therefore, the probability is P(X>3)=0.605.
c) We know that two customers came in in the first minute. That is why we calculate the probability of at least 5 customers entering the other 2 minutes.
In this case:
Therefore, the probability is P=0.410.