A financial consultant has an average of 8 customer consultations each day. The consultant’s overhead requires...
A financial consultant has an average of 8 customer consultations each day. The consultant’s overhead requires 3 customers arrive in order that fees cover expenses. Use a Poisson distribution to answer the following questions.
- For a typical day, what is the probability that the consultant will fail to cover her expenses?
- Assume that the financial consultant employs interns to serve all her customers. Also assume that an intern can only serve two customers a day. How many interns should the financial consultant staff per day if they serve all her customers, and she wants to keep the probability of turning a customer away to less than 10%, Pr.(X<=x) is approximately 90%?
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A financial consultant has an average of 8 customer
consultations each day. The consultant’s overhead requires...
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