The Manager of the Local Grocery Store Has Determined That

question 45

Multiple Choice

The manager of the local grocery store has determined that, on average, 4 customers use the service desk every half-hour. Assume that the number of customers using the service desk has a Poisson distribution. What is the probability that during a randomly selected half-hour period, no more than 2 customers use the service desk?

• A) .2381
• B) .1465
• C) .7619
• D) .9084
• E) .0916

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Definitions:

Break-even

The point at which total costs and total revenue are equal, resulting in neither profit nor loss.

Monthly Dollar Sales

The total value of sales achieved by a business within a month, expressed in dollars.

Advertising Budget

The amount of money allocated to advertising and promotional activities to generate sales and awareness of products or services.

Monthly Sales

The total amount of sales revenue generated within a calendar month.