Assume That Customer Arrivals at a Small Cafe Can Be

question 33

Multiple Choice

Assume that customer arrivals at a small cafe can be modeled by a Poisson distribution. The average arrival rate is 3 customers per hour. What is the probability of 2 or fewer arrivals in the next hour (to three decimal places) ?

• A) Cannot be determined from the information given
• B) 0.152
• C) 0.224
• D) 0.423

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Definitions:

Residential Property

Property designated for living or dwelling for individuals or families.

Regressive Tax

A tax system where the tax rate decreases as the taxpayer’s income increases, placing a higher relative burden on those with lower incomes.

Tax Schedules

Detailed charts or tables used by taxpayers to determine their tax obligations based on their income levels.

Economy

A system of production, distribution, and consumption of goods and services within a particular geographical region.