3. (40 points) Tom finds coins at a Poisson rate. The Poisson rate A varies by...
3. While taking a daily one-hour walk, a person finds coins on the ground according to a Poisson process at a rate of 30 coins per hour, 60% of the coins are pennies, 20% are nickels and 20% are dimes. a. Determine Poisson process rate for each type of coin. b. What is an expression for the value of the coins found during an hour (Use P for number of pennies, N for number of nickels and D for number...