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:

CDs

Compact Discs; a digital optical disc data storage format used for storing digital data, including music and software.

Household's Income

The total earnings received by all members of a household from various sources like wages, salaries, benefits, and investments, within a given period.

Budget Constraint

A limitation on the consumption choices of individuals or firms, dictated by their income and prices of goods.

Budget Constraint

A budget constraint represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.