Assume That the Number of Customers Who Arrive at a Water

question 48

Multiple Choice

Assume that the number of customers who arrive at a water ice stand follows the Poisson distribution with an average rate of 6.4 per 30 minutes. What is the probability that exactly five customers will arrive during the next 30 minutes?

• A)0.0943
• B)0.3070
• C)0.1487
• D)0.0215

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Definitions:

Benefits Principle

A taxation theory that suggests taxes should be levied according to the benefits received by the taxpayer from government services.

Ability-To-Pay Principle

This principle suggests that individuals should be taxed based on their ability to pay, regardless of the benefits they receive.

Equity Principle

A concept in finance that emphasizes fair distribution of wealth and assets, ensuring that financial transactions are conducted fairly and equitably.

Taxes

Mandatory financial charges or levies imposed by a government on individuals or businesses to fund public expenditure.