Question

Maria is an independent consultant who works diligently to find clients. She averages 6.4 consulting jobs...

Maria is an independent consultant who works diligently to find clients. She averages 6.4 consulting jobs per month. Assume that the number of consulting jobs that Maria lands each month can be described by a Poisson distribution What is the probability that Maria has two or fewer consulting jobs in the next month ?

Homework Answers

Answer #1

I HOPE I WAS HELPFUL AND HAVE CLEARED YOUR DOUBTS.

THANKYOU

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Q2)   Consider a Poisson probability distribution with λ=4.9. Determine the following probabilities. ​a) exactly 5 occurrences...
Q2)   Consider a Poisson probability distribution with λ=4.9. Determine the following probabilities. ​a) exactly 5 occurrences ​b) more than 6 occurrences ​c) 3 or fewer occurrences Q3) Consider a Poisson probability distribution. Determine the probability of exactly six occurrences for the following conditions. ​a) λ=2.0        ​b) λ=3.0        ​c) λ=4.0 ​d) What conclusions can be made about how these probabilities change with λ​? Q4) A particular intersection in a small town is equipped with a surveillance camera. The number of traffic...
The transportation and public works department is in an effort to "plug" the holes in the...
The transportation and public works department is in an effort to "plug" the holes in the country's roads, so it has brigades dedicated to this task. Assume that on secondary roads the number of holes follows a Poisson distribution with an expected value of 5 holes per km of road. a) Calculate the probability that the brigade has to cover more than 8 holes in a km of road selected at random b) If the brigade serves 20 independent sections...
“Big city, bright lights, who needs it,” you think to yourself.  After working long hours for the...
“Big city, bright lights, who needs it,” you think to yourself.  After working long hours for the last six months at Starbucks in Seattle, and the constant rain and cold, you decided to quit your job and move back to Austin.  Being temporarily between jobs, your friend from your college days at St. Edward’s, who majored in entrepreneurship and has started her own business Claudia’s Cakes, has asked you to help her out calculating some numbers for her.   “I’ve been in business...
Solutions for this exercise will not be posted. However, it is possible that questions from this...
Solutions for this exercise will not be posted. However, it is possible that questions from this exercise could appear on Midterm II. DEFINE ALL NOTATION!!!!! 1. Here is a pdf: . a) How do you know it is a continuous distribution? b) The constant a is positive. What is a? c) What is probability that the random variable X is equal to 1? d) What is F(-0.5)? e) What is the cdf of the random variable X? f) What is...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to small businesses in their local and regional area. NewForm employs 83 people, 61 of whom are IT professionals/ consultants. NewForm is struggling financially; it has not met its revenue projections in the last five quarters. NewForm has suffered excessive leadership turnover in the past three years. The original founders sold NewForm in 2015; one of them, James Stanton, remained on as CHRO but sold...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to...
INTRO NewForm IT is a seven-year-old IT consulting company founded in 2012 that provides services to small businesses in their local and regional area. NewForm employs 83 people, 61 of whom are IT professionals/ consultants. NewForm is struggling financially; it has not met its revenue projections in the last five quarters. NewForm has suffered excessive leadership turnover in the past three years. The original founders sold NewForm in 2015; one of them, James Stanton, remained on as CHRO but sold...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme...
MATHEMATICS 1. The measure of location which is the most likely to be influenced by extreme values in the data set is the a. range b. median c. mode d. mean 2. If two events are independent, then a. they must be mutually exclusive b. the sum of their probabilities must be equal to one c. their intersection must be zero d. None of these alternatives is correct. any value between 0 to 1 3. Two events, A and B,...
QUESTION 1 1. Brianna is trying to increase her chances of being promoted to vice president...
QUESTION 1 1. Brianna is trying to increase her chances of being promoted to vice president by working to build good work relationships with other managers outside her own department. Brianna's behavior should be viewed as dysfunctional politics. functional politics. coercive power. functional influence. 2 points QUESTION 2 1. The Gingerbread Factory has a separate unit that makes their chocolate crunch cookies and another unit that is completely responsible for all operations in producing their ginger snap cookies. The Gingerbread...
In narrative essay format, I want you to address a business/organization case study using multiple concepts...
In narrative essay format, I want you to address a business/organization case study using multiple concepts from class. The case question and case text begin on page 5 of this document. You need to demonstrate their best understanding of management and organizational behavior theory, and the application of those ideas to improve the understanding of various issues. You need to clearly identify at least 3 distinct, substantive issues. For each issue you need to 1), identify evidence from the case...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over 200 million registered users (140 million of which access the service via a mobile device) and over 70 million active listeners. Pandora now accounts for more than 70% of all Internet radio listening hours and a 7% share of total U.S. radio listening (both traditional and Internet). At Pandora, users select a genre of music based on a favorite musician, and a computer algorithm...