The Number of Cars Passing Through an Intersection in the Next

question 38

Multiple Choice

The number of cars passing through an intersection in the next five minutes can usually be described by the

• A)normal distribution.
• B)uniform distribution.
• C)exponential distribution.
• D)Poisson distribution.
• E)None of the above

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Definitions:

Rats

While often considered in scientific and medical research contexts, in economics, could metaphorically reference unanticipated variables or detrimental elements affecting market dynamics.

Consume

The process of consuming a product or service to fulfill needs or desires.

Utility Function

A utility function is a representation of preferences over a set of goods and services, showing the level of satisfaction or utility that different bundles of goods provide to a consumer.

Consumption

The use of goods and services by households or individuals for personal needs or to derive utility.