A Bank Manager Estimates That an Average of Two Customers

question 118

Multiple Choice

A bank manager estimates that an average of two customers enter the tellers' queue every five minutes. Assume that the number of customers that enter the tellers' queue is Poisson distributed. What is the probability that exactly three customers enter the queue in a randomly selected five-minute period?

• A) 0.0902
• B) 0.1804
• C) 0.2240
• D) 0.2707

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Definitions:

CICA Handbook

A comprehensive guide published by the Canadian Institute of Chartered Accountants providing accounting standards, guidelines, and procedures.

NFP

Stands for Not-For-Profit, referring to organizations that operate for purposes other than generating profit for owners or shareholders, focusing instead on charitable, educational, or social objectives.

ASPE

Accounting Standards for Private Enterprises, a set of Canadian accounting guidelines for privately owned businesses, providing simpler alternatives to IFRS.

CICA Handbook

The Canadian Institute of Chartered Accountants Handbook, containing standards and guidelines for accounting and auditing practices in Canada.