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

question 16

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 9.2. Find the probability that fewer than six tickets are written on a
Randomly selected day.

• A)0.810835
• B)0.104074
• C)0.895926
• D)0.189165

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Definitions:

Bundle

A collection of goods or services sold as a single package, often at a discounted price compared to purchasing each item separately.

Revealed Preferred

A concept in microeconomic theory suggesting that consumers' preferences can be determined by observing their choices and behaviors in various situations.

Commodity Bundle

A set of goods or services that are considered together, often used in the context of consumer choice and budget constraints.

Prices

The amount of money required to purchase a good, service, or asset.