Examlex

Solved

Consider a Poisson Distribution with an Average of 3 Customers

question 18

Multiple Choice

Consider a Poisson distribution with an average of 3 customers per minute at the local grocery store. If X = the number of arrivals per minute, find the probability of more than 7 customers arriving within a minute.


Definitions:

Critical Path

The longest sequence of tasks in a project that must be completed on time for the whole project to be finished by its deadline, determining the shortest possible project duration.

Crashing

The process of reducing project duration by adding extra resources to project activities, often resulting in increased cost.

PERT

Program Evaluation and Review Technique; a project management tool used to schedule, organize, and coordinate tasks within a project.

CPM

Critical Path Method, a project management technique used to estimate the duration of a project and determine the activities that are critical to project completion.

Related Questions