(i) How much would you expect the advertisements to cost per day? (ii) Calculate the standard deviation of the cost per day.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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A company advertise their products on Instagram. The number of times their advertise- ments are clicked on follows a Poisson distribution with a rate of 18 clicks per minute.

(b) Instagram charge the company € 2000 per day (24 hours) for the advertisements plus
10c per click. Answer the following questions showing clearly all of your workings
and reasoning.
(i) How much would you expect the advertisements to cost per day?
(ii) Calculate the standard deviation of the cost per day.
Transcribed Image Text:(b) Instagram charge the company € 2000 per day (24 hours) for the advertisements plus 10c per click. Answer the following questions showing clearly all of your workings and reasoning. (i) How much would you expect the advertisements to cost per day? (ii) Calculate the standard deviation of the cost per day.
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