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Subject:
Population distribution
Category: Business and Money Asked by: texas237-ga List Price: $5.00 |
Posted:
30 Dec 2005 21:53 PST
Expires: 29 Jan 2006 21:53 PST Question ID: 611396 |
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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There is no answer at this time. |
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Subject:
Re: Population distribution
From: ansel001-ga on 31 Dec 2005 01:19 PST |
This sounds like homework. See the FAQs. So I'll just remind you of a few things. See the link: http://en.wikipedia.org/wiki/Poisson_distribution In probability theory and statistics, the Poisson distribution is a discrete probability distribution. It expresses the probability of a number of events occurring in a fixed time if these events occur with a known average rate, and are independent of the time since the last event. If the mean is an integer n, the most likely number of occurrences is equally likely to be n and (n-1). |
Subject:
Re: Population distribution
From: ansel001-ga on 31 Dec 2005 01:21 PST |
I forgot to add, for the Poisson distribution, the mean and variance are the same. |
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