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Category > Statistics Posted 17 May 2017 My Price 7.00

Customers depart from a bookstore according to a Poisson process

Customers depart from a bookstore according to a Poisson process with rate λ per hour. Each customer buys a book with probability p, independent of everything else.

(a) Find the distribution of the time until the first sale of a book.

(b) Find the probability that no books are sold during a particular hour.

(c) Find the expected number of customers who buy a book during a particular hour. 

 

Answers

(8)
Status NEW Posted 17 May 2017 01:05 PM My Price 7.00

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file 1495027147-Answer.docx preview (119 words )
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