If Arrivals Occur According to the Poisson Distribution Every 20

question 20

Multiple Choice

If arrivals occur according to the Poisson distribution every 20 minutes, then which is NOT true?

• A) λ = 20 arrivals per hour
• B) λ = 3 arrivals per hour
• C) λ = 1/20 arrivals per minute
• D) λ = 72 arrivals per day

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Definitions:

Labor Force

The total number of people employed and unemployed, actively seeking work in an economy.

Developed Countries

Nations with highly advanced economies, significant industrial activity, and high living standards.

Mortality

The incidence of death within a population.

Literacy Rate

Literacy rate refers to the percentage of people within a population that can read and write at a specified age.