The Number of Traffic Accidents Per Day on a Certain

question 8

Multiple Choice

The number of traffic accidents per day on a certain section of highway is thought to be Poisson distributed with a mean equal 2.19. Then the standard deviation of number of accidents is:

• A) 2.19
• B) approximately 4.80
• C) approximately 1.48
• D) 3.14
• E) (2.19) ²

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Definitions:

Functional Expertise

Specialized knowledge or proficiency in a particular area or discipline within a professional context.

Economies of Scale

The cost advantage that arises with increased output of a product, leading to a lower cost per unit.

M-Form Organization

A structure for corporations characterized by decentralized divisions, where each operates as an individual profit center, allowing for specialization and efficiencies across the organization.

Customer Demand

The desire and willingness of consumers to purchase goods or services at a given price.