The Following Is a Poisson Probability Distribution with µ =

question 39

Multiple Choice

The following is a Poisson probability distribution with µ = 0.1. The variance of the distribution is ______.

• A) 1.0
• B) 0.9046
• C) 3.0
• D) 0.1

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period.

Two-part Tariff

A pricing strategy that includes a fixed fee plus a variable fee based on consumption or usage level.

Marginal Cost

The financial outlay required to produce a further unit of a product or service.

Demand

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given time period.