The University Police Department Keeps Track of the Number of Tickets

question 84

Multiple Choice

The university police department keeps track of the number of tickets it write in a year. Last year the campuspolice wrote 1460 tickets. Ticket writing on campus follows a Poisson process. What is the standard deviationof the number of tickets written per day by the campus police?

• A) 2
• B) 1.4
• C) 2.47
• D) 1.73

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Definitions:

Tradable Emissions Permits

A market-based approach to controlling pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.

Equilibrium Quantity

The supply and demand for goods or services are balanced at the current market price.

Pollution Market

An economic strategy for pollution control that encourages the reduction of pollutant emissions through financial incentives.