An Online Retailer Receives an Average of Five Orders Per

question 96

Multiple Choice

An online retailer receives an average of five orders per 500 hits on its website. If it gets 100 hits on its website,find the probability of receiving at least two orders. Use the Poisson distribution.

• A) 0.2642
• B) 0.1839
• C) 0.9048
• D) 0.9596

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Definitions:

Segmented Information

Financial information that is broken down into segments, such as geographic regions, product lines, or business units, within a company's financial statements.

Operating Units

Divisions or branches within a larger enterprise, each handling operations semi-independently but under the governance of the enterprise.

Chief Operating Decision-maker

An individual or group within an organization responsible for making strategic decisions affecting the company's financial performance and operations.

Profit/Loss

The financial result of an entity's operating and non-operating activities over a specific period, indicating net earnings or losses.