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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
The number of people arriving at a bicycle repair shop follows a Poisson distribution with an average of 5 arrivals per hour.Let X represent the number of people arriving per hour.
-What is the probability that seven people arrive at the bike repair shop in a one hour period of time?
Ending Inventory
The total value of all merchandise or goods that a company has in stock at the end of an accounting period.
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