In 70 years there have been 13 pandemics. Using this information and Poisson distribution, calculate how long until there is a 90% probability of another pandemic.
Find the average number of pandemics/year.
What formula is used to find the number of years until there is a 90% chance of another worldwide pandemic?
What is the number of years?
a) The average number of pandemics per year is computed here as:
= 13/70
= 0.1857
Therefore 0.1857 is the required number of pandemics/year here.
b) The waiting time for a pandemic could be modelled here as:
The probability of having a pandemic in the next t years is obtained here as:
This should be equal to 0.9.
Therefore, we have here:
Therefore 12.40 years is the required number of years here.
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