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An Alarm Company Reports That the Number of Alarms Sent λ=4.7\lambda = 4.7

question 19

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An alarm company reports that the number of alarms sent to their monitoring center from customers owning their system follow a Poisson distribution with λ=4.7\lambda = 4.7 alarms per year. Identify the mean and standard deviation for this distribution.


Definitions:

Standard Deviations

A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points differ from the mean.

Normal Curve

A bell-shaped curve showing the usual frequency distribution of values of measured human traits and other natural phenomena.

Test-retest Reliability

A measure of consistency in the results of a test administered to the same individuals at two different points in time.

Normal Curve

A symmetrical, bell-shaped curve that describes the distribution of many types of data where most of the data points are close to the mean.

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