Math Problem Statement
Solution
The problem shown in the image involves a Poisson distribution with the following key parameters:
- Poisson distribution parameter (): 4.43 (the average number of customers every 10 minutes)
- Sample size (): 79 (79 ten-minute time frames)
Part (a) - Expected Value of
Since the mean of the Poisson distribution is , the expected value of (the sample mean) is simply the population mean:
Part (b) - Standard Deviation of
For a Poisson distribution, the standard deviation of the sample mean is calculated as:
where is the standard deviation of the population, which is the square root of :
Thus, the standard deviation of is:
Part (c) - Probability
For this, we can standardize the sample mean using the normal approximation. The Z-score for the bounds (3.8 and 4.7) is given by:
-
For :
-
For :
Using a Z-table, the probabilities for these Z-scores are:
From Z-tables:
Thus, the probability is:
Part (d) - 91% of the Time, the Value of Will Exceed What Value?
We need to find the Z-score corresponding to a cumulative probability of (since we are looking for the lower tail), which from Z-tables gives . Now, use the Z-score formula to find the corresponding :
So, 91% of the time, the observed value of will exceed approximately 4.1127.
Would you like more details or explanations for any part? Here are five related questions you can explore further:
- How does the Poisson distribution approximate to a normal distribution for large ?
- How do Z-scores translate probabilities for non-standard normal distributions?
- Why is calculated using the square root of ?
- How would the results change if were much larger or smaller?
- What is the impact of changing the confidence level in Part (d)?
Tip: The Poisson distribution becomes more symmetric and approximates the normal distribution well for large values of .
Ask a new question for Free
By Image
Drop file here or Click Here to upload
Math Problem Analysis
Mathematical Concepts
Poisson Distribution
Normal Approximation
Z-Score
Formulas
Expected value of X̄: E(X̄) = λ
Standard deviation of X̄: σX̄ = σ / √n = √λ / √n
Z-score: Z = (X̄ - λ) / σX̄
Theorems
Central Limit Theorem
Poisson Distribution
Normal Distribution Approximation
Suitable Grade Level
Undergraduate - Statistics
Related Recommendation
Poisson Distribution: Calculating P(1 < X < 9) for Customer Arrivals
Poisson and Exponential Distribution: Customer Arrival Times in a Convenience Store
Poisson Distribution Sample Mean and Standard Deviation
Poisson Distribution: Security Check-in Probability Model with 19.8 Rate
Poisson Process and Exponential Distribution: Customer Arrival Probability and Time Expectations