Need Help with Probability

label Statistics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

On Average, 5.4 shoplifting incidents occur per week at an electronics store. Find the probability that exactly 3 such incidents will occur during a given week at this store. 

May 12th, 2015

Poisson Distribution f(x) = eλx / x!

Here lamda = 5.4 x =3

Substituting in the formula, we get probability =0.119

Please let me know if you have any questions and best me if you are satisfactory.



May 12th, 2015

Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.
Click to visit
The Notebank
...
May 12th, 2015
...
May 12th, 2015
Oct 23rd, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer