The University Police Department Must Write, on Average, Five Tickets

question 182

Multiple Choice

The university police department must write, on average, five tickets per day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with a mean of 8.9. Find the probability that exactly four tickets are written on a randomly selected day.

• A) .035656
• B) .941567
• C) .058433
• D) .964344

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Definitions:

Budgeted Data

Budgeted data refers to financial projections or estimates for future periods, often used for planning and controlling purposes.

Production Needs

The requirements or resources necessary for the production process, including materials, labor, and machinery.

Raw Materials

Basic materials and substances that are used in the production process to create goods, ranging from metals and chemicals to grains and plastics.

Selling and Administrative Expense

Costs indirectly related to the production of goods or services, including marketing, management, and office expenses.