statistics
posted by Michael .
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 twoweek period.
(e)probability that the store's cashiers will cash no more than five bad checks per threeweek period.
Respond to this Question
Similar Questions

computer science
a bank charges $10 per month plus the following check fees for a commercial checking account: $.10 each for fewer than 20 checks $.08 each for 2039 checks $.06 each for 4059 checks &.04 each for 60 or more checks write a program … 
Accounting
Need help with this bank reconciliation...this is actually for a job and I am forgetting everything about accounting because I am nervous. BANK RECONCILATION ============================================== On Aug 14th, One of our Partner's … 
Algebra :/
A bank offers two checking plans anywhere charge .15 cents a check; accucheck cost .77cents a month plus 8 cents per check. For what number of checks will the accucheck plan cost less than anywhere check? 
Statistics
A retail shop accepts only cash or checks. Suppose that 54% of its customers carry cash, 51% carry checks, and 71% carry cash or checks (or both). What is the probability that a randomly chosen customer at the shop is carrying both … 
Finance
Modos Company has deposited $2000 in checks received from customers. It has written $1400 in checks to its suppliers. The initial balance was $400. If $1600. of its own checks have cleared, calculate its float 
Bank Reconciliation
Aug 14th, One of our Partner's ( Compuville ) cash book showed a debit balance of $4,000.00. His bank statement showed a balance of $4,270.00. On comparison the following were found: * check issued amounting to $2,500.00 has not been … 
Accounting1
Consider the following scenarios: (Please respond to each scenario) When we talk about "bad checks," are those always checks our customers have written to us? 
math
For her vacation Mrs. Andrews bought $300 worth of traveler's checks in $10 and $20 denominations. If she has 22 travelers checks in all, how many of each denomination does she have? 
Accounting
Can someone show me this bank reconciliation? 
math
The sales goal for your store this week is $22,682. The sales goal for your store this week last year was $20,128. Your store has averaged 1775 transactions per week for the last four weeks. Assuming the number of transactions is consistent, …