Parameters: The mean is λ. The variance is λ.
[pic] is the parameter which indicates the average number of events in the given time interval. Ex.1. On an average Friday, a waitress gets no tip from 5 customers. Find the probability that she will get no tip from 7 customers this Friday. The waitress averages 5 customers that leave no tip on Fridays: λ = 5. Random Variable : The number of customers that leave her no tip this Friday. We are interested in P(X = 7).
Ex. 2 During a typical football game, a coach can expect 3.2 injuries. Find the probability that the team will have at most 1 injury in this game. A coach can expect 3.2 injuries : λ = 3.2.
Random Variable : The number of injuries the team has in this game. We are interested in [pic].
Ex. 3. A small life insurance company has determined that on the average it receives 6 death claims per day. Find the probability that the company receives at least seven death claims on a randomly selected day.
P(x ≥ 7) = 1 - P(x ≤ 6) = 0.393697
Ex. 4. The number of traffic accidents that occurs on a particular stretch of road during a month follows a Poisson distribution with a mean of 9.4. Find the probability that less than two accidents will occur on...