THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 169

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,you receive 2.6 pieces of junk mail a day.Assume that the number of pieces of junk mail you receive each day follows the Poisson distribution.
-What is the probability of receiving more than three pieces of junk mail today?

• A)0.123
• B)0.264
• C)0.482
• D)0.242

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Definitions:

Network Externality

A situation where the value of a product or service increases for a user when more people use it.

Facebook

A social networking platform that allows users to create profiles, share photos and videos, send messages, and keep in touch with friends, family, and colleagues.

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods or services.

Price Elasticity

The measure of how the quantity demanded of a good or service changes in response to a change in its price.