Consider a Poisson Distribution with an Average of 4 Customers

question 98

Multiple Choice

Consider a Poisson distribution with an average of 4 customers per minute at the local grocery store. If X = the number of arrivals per minute, find the standard deviation of X.

• A) 2
• B) 4
• C) 16
• D) 1.5

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Definitions:

Initial Investment

The starting amount of money put into an investment or project.

Weekly Revenue

The total income generated from business activities or sales within a week.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Linear Equations

Equations where the highest power of the variable is one, creating a straight line when graphed.