Which of the Following Distributions Can Be Used to Solve

question 89

Multiple Choice

Which of the following distributions can be used to solve the following problem? The average number of cars arriving at a drive-through fast-food restaurant is three in 10 minutes.What is the probability that exactly 4 cars will arrive in a five-minute interval?

• A)Binomial
• B)Poisson
• C)Both of these
• D)None of these

---

Definitions:

First-Price Auctions

An auction format in which the highest bidder wins and pays the amount of their bid.

Highest Bid

The largest amount of money offered in a competitive process, such as an auction, for the purchase of goods or services.

Second Highest Bid

In an auction, the bid amount that is the next highest after the winning or highest bid.

Strategically Equivalent

Referring to actions, tactics, or strategies that yield the same outcome or effect, despite differing in approach.