4 Mary is a waitress in a city centre restaurant. She receives tips from customers at an average rate of λ per hour. During a particular eight hour shift, she receives 5 tips. We wish to estimate λ....
Mary is a waitress in a city centre restaurant. She receives tips from customers at an average rate of λ per hour. During a particular eight a (2 marks) Let X be the number of tips Mary receives in an 8 hour period. If tips are received according to a Poisson process with rate λ tips per hour, state the distribution of X, with parameters b (5 marks) Write down the likelihood function, L(X; 5) for this problem. Remember to...