Suppose That, on Average, 4 Customers Arrive Each Minute in a Poisson

question 22

Multiple Choice

Suppose that, on average, 4 customers arrive each minute in a Poisson distribution. P(x) is the probability of x arrivals. Which of the following is TRUE?

• A) P(3) = P(4)
• B) P(0) = 0
• C) P(1) = 0.007
• D) P(2) > P(5)
• E) P(0) = P(1)

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Definitions:

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions.

National Labor Relations Board

An independent U.S. federal agency established to enforce US labor law in relation to collective bargaining and unfair labor practices.

Summary Plan Description

A document that provides detailed information about an employee benefit plan including its benefits, rights, and obligations under the plan.

Pension Plan

A retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit, where the fund grows through investments.