Examlex

Solved

The Local Police Department Must Write,on Average,5 Tickets a Day

question 85

Short Answer

The local police department must write,on average,5 tickets a day to keep department revenues at budgeted levels.Suppose the number of tickets written per day follows a Poisson distribution with a mean of 6.4 tickets per day.Find the probability that less than 6 tickets are written on a randomly selected day from this population.


Definitions:

Social Choice

The problem of deciding what society wants. The process of adding up individual preferences to make a choice for society as a whole.

Estate

The property that a person owns at the time of his or her death.

Stock Measure

An assessment or quantification of a resource or asset at a specific point in time.

Irving Fisher

An American economist known for his work in the fields of statistics, monetary theory, and interest rates.

Related Questions