The number of clients arriving at a bank machine is Poisson distributed with an average of 2 per minute. For a 5-minute period,Find the expected value and standard deviation.What is the probability that 2 customers will arrive in a 5-minute period?What is the probability that no more than 2 customers will arrive in a 5-minute period?What are the underlying assumptions that allow us to consider this phenomenon as a Poisson distribution?

as per our company guidelines we are able to answer only first 3 sub-parts. Kindly repost other…

Answered: Find the expected value and standard…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

Related questions

Question

The number of clients arriving at a bank machine is Poisson distributed with an average of 2 per minute. For a 5-minute period,

Find the expected value and standard deviation.
What is the probability that 2 customers will arrive in a 5-minute period?
What is the probability that no more than 2 customers will arrive in a 5-minute period?
What are the underlying assumptions that allow us to consider this phenomenon as a Poisson distribution?

Expert Solution