Consider a Poisson Distribution with an Average of 4 Customers

question 98

Multiple Choice

Consider a Poisson distribution with an average of 4 customers per minute at the local grocery store. If X = the number of arrivals per minute, find the standard deviation of X.

• A) 2
• B) 4
• C) 16
• D) 1.5

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Definitions:

Decision Making

The method of selecting options through recognizing a choice, collecting data, and evaluating different solutions.

Income Differences

Variations in earnings among individuals or groups, often highlighting disparities based on factors like occupation, education, or social class.

Class Action Suits

Legal actions where a lawsuit is filed on behalf of a large group of people who are collectively affected by an issue, with the goal of achieving a common outcome.

Legal Proceedings

The process of pursuing or defending a case through the judicial system, including all legal steps from the initial filing to the final decision.