A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed) of the time.
A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five? Use a seed of 1. cover his According to the simulation, the consultant will meet his target (Round to the nearest whole number as needed) of the time.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees
expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have on a daily basis. What percentage of these will meet his target of at least five?
Use a seed of 1.
cover his
According to the simulation, the consultant will meet his target
(Round to the nearest whole number as needed.)
of the time.
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