A new intern was asked to estimate a prob- ability distribution for the number of items purchased by customers entering one of the company's retail stores. The intern analyzed the data and decided that the negative bino- mial distribution was the appropriate prob- ability distribution to use. The intern used the parameter 3 = q/p, and determined that r = B. hs The intern's mentor reviewed the analysis and pointed out that the r parameter ap- peared to be correct but ß is wrong. The in- tern's model indicates that 1/9 of customers make no purchases but in fact 4/9 of cus- tomers make no purchases. Calculate the variance of the corrected negative binomial distribution.
A new intern was asked to estimate a prob- ability distribution for the number of items purchased by customers entering one of the company's retail stores. The intern analyzed the data and decided that the negative bino- mial distribution was the appropriate prob- ability distribution to use. The intern used the parameter 3 = q/p, and determined that r = B. hs The intern's mentor reviewed the analysis and pointed out that the r parameter ap- peared to be correct but ß is wrong. The in- tern's model indicates that 1/9 of customers make no purchases but in fact 4/9 of cus- tomers make no purchases. Calculate the variance of the corrected negative binomial distribution.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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