Question 2. Poisson Distribution. The number X of homes sold by the Real-Estate Company follows a Poisson distribution with parameter à=4 homes per day. Answer the following questions. (a) Find the mean of X, E(X), and the standard deviation of X, SD(X). (b) Find P(X=2). (c) Find P(X>4). (d) What is the average number of home sold in 5 days?

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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Question 2.
Poisson Distribution.
The number X of homes sold by the Real-Estate Company follows a Poisson distribution with
parameter =4 homes per day. Answer the following questions.
(a) Find the mean of X, E(X), and the standard deviation of X, SD(X).
(b) Find P(X=2).
(c) Find P(X4).
(d) What is the average number of home sold in 5 days?
Transcribed Image Text:Question 2. Poisson Distribution. The number X of homes sold by the Real-Estate Company follows a Poisson distribution with parameter =4 homes per day. Answer the following questions. (a) Find the mean of X, E(X), and the standard deviation of X, SD(X). (b) Find P(X=2). (c) Find P(X4). (d) What is the average number of home sold in 5 days?
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