Math Problem Statement
Let X = the number of coffee cups that a waiter drops in a week and assume X ~ Poi(0.59).
Let T be the total cost to the company from coffee cups dropped by the waiter in a week and let T=2X since the coffee cups cost $2 each.
Calculate Var(T) correct to 2dp.
Solution
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Math Problem Analysis
Mathematical Concepts
Poisson Distribution
Variance
Linear Transformation
Formulas
Variance of Poisson distribution: Var(X) = λ
Variance of linear transformation: Var(aX) = a^2 * Var(X)
Theorems
Poisson Distribution Properties
Suitable Grade Level
Undergraduate Statistics
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