If Arrivals at a Bank Followed a Poisson Distribution, Then

question 9

True/False

If arrivals at a bank followed a Poisson distribution, then the time between arrivals would follow a binomial distribution.

---

Definitions:

Rebranding

A marketing strategy in which a new name, term, symbol, design, or combination thereof is developed for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, and competitors.

Boxed Brownie Mix

A prepackaged set of dry ingredients for making brownies, requiring only the addition of a few wet ingredients.

Rebranding

A marketing strategy in which a new name, term, symbol, design, or a combination thereof is created for an already established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, and competitors.

Brand Equity

The value a brand adds to a product, including how well-known and regarded the brand is among consumers.