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PROBLEM 2 Suppose the number of customers arriving in a bookstore is Poisson distributed with a mean of 2.3 per 12 minutes. TPROBLEM 2 CONT. Suppose the time a customer spends in the bookstore is exponentially distributed with a mean of 8 minutes. d)Can Someone please help me to figure this problems? Please explain specifically.

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Answer #1

Multiple sub-parts. Solving first four

a) the mean and the variance of the Poisson distribution are both equal to the mean value = 2.3

b) Probability, P(x; μ) = (e-μ) (μx) / x! where x is the actual number of successes and e is approximately equal to 2.71828.

Now, mean customers in 1 hour = 2.3*5 = 11.5

P = e-11.5 * 11.510 / 10!

= 0.113

This is Probability of 10 customers visiting in 1 hour

c) Mean for half hour = 11.5/2 = 5.75

P(at least 1) = 1- P(0 customer) = 1- (e-5.75* 5.750 / 0!) = 0.997

d) The exp cumulative distribution function of X is P(X≤ x) = 1 – emx
  m(decay parameter) = 1/8

We have to find P(Lisa leaves between 4 to 5 min) = 1-e-1/8*5 - 1-e-1/8*4

= 0.07

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