The Manager of a Movie Theater Has Determined That the Distribution

question 25

Multiple Choice

The manager of a movie theater has determined that the distribution of customers arriving at the concession stand is Poisson distributed with a standard deviation equal to 2 people per 10 minutes. What is the probability that more than 3 customers arrive during a 10-minute period?

• A) 0.1804
• B) 0.5665
• C) 0.4335
• D) 0.1954

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Definitions:

Labor Market

A marketplace where employers find workers and workers find jobs; it involves the supply of labor by households and the demand for labor by businesses.

Great Divide

Often refers to significant differences or inequalities between groups, regions, or countries, especially in the context of socio-economic status.

Economic Rent

A payment to a factor of production in excess of the costs needed to bring that factor into production, often associated with unique assets.

Stand-Up Comic

A performer who tells jokes and humorous stories to an audience, usually performing live on stage.