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Subject:
Population distribution
Category: Business and Money > Finance Asked by: texas237-ga List Price: $5.00 |
Posted:
30 Dec 2005 21:47 PST
Expires: 29 Jan 2006 21:47 PST Question ID: 611395 |
A company wishes to study the number of credit applcations received per day for the last 300 days. Data: # of Credit Applications Frequency(number of days) 0 50 1 77 2 81 3 48 4 31 5 or more 13 Would it be reasonalbe to conclude that the population distribution isPoisson with a mean of 2.0? Use the .05 significance level. Find the probability of exactly one success given a Poisson distribution with a mean of 2.0. Multiply this probability by 300 to find the expected frequency for the number of days in which there was exactly one applications. Determine hthe expected frequency for the other days in a similar manner. |
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