Briefly discuss the relation between exponential distribution and Poisson distribution with an example
The exponential distribution is related to the Poisson distribution: if the distribution of the time between events is exponential, then the number of events occurring during an interval of time is Poisson.
For example, if the average time between the arrivals of customers in a departmental store is exponential with a mean of 2 minutes, then the average number of arrivals per minute is Poisson with a mean of 1/2 arrivals/minute.
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A. the price. B. promotion. C. a market segment. D. a product. E. the place or distribution.
When thieves use your name and good credit rating to get cash or buy things, they are engaging in
A. Robin Hood theft. B. credit mishandling. C. credit exploitation. D. identity theft. E. misuse of standing.
Because of its recent high growth in the national market, Mable Inc., an online cosmetics retailer, has divided its U.S. market into segments and is charginga flat freight rate to all customers in a given segment. In this scenario, Mable Inc. plans to adopt freight absorption pricing.
Answer the following statement true (T) or false (F)
Find the area under the normal curve between the Z values 1 and 0.83.
A. 4.46% B. 5.98% C. 2.32% D. 7.33%