The average number of operational losses in a year at a particular plant is 18, so the number of losses in a year is distributed Poisson, with mean 18.) Given the distribution parameter from the previous question:What is the average number of weeks between operational losses (assume 52 weeks per year)? What is the probability that two operational losses will occur within two weeks of each other (i.e., given an operational loss today, what’s the probability the next one will happen in less than two weeks)?

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Answered: The average number of operational…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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The average number of operational losses in a year at a particular plant is 18, so the number of losses in a year is distributed Poisson, with mean 18.) Given the distribution parameter from the previous question:
1. What is the average number of weeks between operational losses (assume 52 weeks per year)?
2. What is the probability that two operational losses will occur within two weeks of each other (i.e., given an operational loss today, what’s the probability the next one will happen in less than two weeks)?

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