Use the Poisson Distribution to Find the Indicated Probability

question 92

Multiple Choice

Use the Poisson Distribution to find the indicated probability.
-The number of calls received by a car towing service averages 19.2 per day (per 24-hour period) . After finding the mean number of calls per hour, find the probability that in a randomly selected hour the number of calls is
2)

• A) 0.15816
• B) 0.17973
• C) 0.14379
• D) 0.11503

Acknowledge the varying approaches to defining race across different cultures.

Recognize the role and impact of significant movements and legislation on racial equality in the U.S.

Identify the persistent challenges and mechanisms of racism and racial inequality.

Understand the physical and cognitive changes that occur across the lifespan.

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Definitions:

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as the result of making a decision.

Henry George

A 19th-century economist known for his belief that people should own the value they produce themselves, but that land and natural resources should belong to all (Georgism).

Allocative Efficiency

A state of resource allocation in which it is impossible to make any one individual better off without making at least one individual worse off.

Incentive Function

The role of rewards or penalties in motivating individuals or entities to behave in certain ways.