General Hospital Has Noted That They Admit an Average of 8

question 102

Essay

General Hospital has noted that they admit an average of 8 patients per hour.
a.Define the random variable in words for this experiment.
b.What is the probability that during the next hour fewer then 3 patients will be admitted?
c.What is the probability that during the next two hours exactly 8 patients will be admitted?

---

Definitions:

Amortization Expenses

The gradual write-off of the initial cost of intangible assets over a period of time, reflecting their consumption, expiration, or obsolescence.

DPS

Stands for Dividends Per Share, indicating the total dividends paid out by a company per share of its stock.

EPS

A financial ratio indicating how much money a company makes for each share of its stock, also known as earnings per share.

EBIT

A financial metric used to evaluate a company's operating performance by calculating its profit without the effects of financing and tax expenses.