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 plus10c per click. Answer the following questions showing clearly all of your workingsand reasoning.(i) How much would you expect the advertisements to cost per day?(ii) Calculate the standard deviation of the cost per day.

Answered: (i) How much would you expect the…

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