Homework Help: statistics

Posted by Michael on Friday, September 30, 2011 at 7:02pm.

A retail store has implemented procedures aimed at reducing the number of bad checks cashed by its cashiers. The store's goal is to cash no more than eight bad checks per week. The average number of bad checks cashed is 3 per week. Let x denote the number of bad checks cashed per week. Assuming that x has a Poisson distribution:

(a)probability that the store's cashiers will not cash any bad checks in a particular week.

(b)probability that the store will meet its goal during a particular week.

(c)probability that the store will not meet its goal during a particular week.

(d)probability that the store's cashiers will cash no more than ten bad checks per two-week period.

(e)probability that the store's cashiers will cash no more than five bad checks per three-week period.

No one has answered this question yet.

Answer this Question

Related Questions

Statistics - A retail shop accepts only cash or checks. Suppose that 54% of its ...
math - a party suppilies store recored net sales of $423,400 for the year. the ...
Marketing3 - Develop a chart to highlight the role of each of the four main ...
Accounting1 - Consider the following scenarios: (Please respond to each scenario...
Math - The grocery store employs 35 cashiers and grocery baggers altogether. ...
Mathematical Applications - For the life of me, I cannot understand this ...
finance - Home Builder Supply a retailer in the home improvement industry, ...
Statistics - A number of cashiers at a chain of grocery stores complained about ...
Math please check answer - please check my answer thanks :) A Pet supply store ...
math - A discount store takes 50% off of the retail price of a desk. For the ...

For Further Reading

First Name:
School Subject:
Answer: