THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 229

Essay

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 more than seven people arrive at the bike repair shop in a one hour period of time?

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Definitions:

Plantwide Predetermined Rate

A single overhead absorption rate used throughout an entire factory or plant for allocating overhead costs to products.

Manufacturing Overhead

All indirect costs related to the manufacturing process, including costs of indirect materials, indirect labor, and other expenses that are not directly tied to the production of goods.

Machine-Hours

A measurement unit representing the number of hours a machine is operational and working on production tasks.

Plantwide Predetermined Rate

A single overhead absorption rate calculated for an entire manufacturing facility to allocate overhead costs to products.