Question

Give an example, USING YOUR OWN WORDS (NOT TEXT COPIED FROM THE
INTERNET), of how either the Poisson or the Exponential
distribution could be used to model something in real life (only
one example is necessary). You can give an example in an area that
interests you (a list of ideas is below). Give a very rough
description of the sample space.

If you use an idea from another source, please provide a citation
in the sentence and a reference entry at the end of your post.
Include a citation even if you paraphrase from a website. Please do
not copy blocks of text from the Internet--try to use your own
words.

When forming your answer to this question you may give an example
of a situation from your own field of interest for which a random
variable, possibly from one of the types that are presented in this
unit, can serve as a model. Discuss the importance (or lack
thereof) of having a theoretical model for the situation. People
can use models to predict business conditions, network traffic
levels, sales, number of customers per day, rainfall, temperature,
crime rates, or other such things.

Answer #1

Suppose you are a manager of a recreational park. You saw that the ticket que lines are hapazard and inefficient. now you want to model the flow of people into the park

>> First you want to know the arrival rate of people and its probabiity.

>> Let X be the number of arrival per hour. X follows a poissin distribution. The arrival of people tells you how many ticket both is required to maintain short waiting time for customer which will increses the satisfaction level

>>Let Y be the interarrival time between two people in the ques. This interarrival time is exponentially distrbuted.

>> Suppose you want to know the service rate. Let Z be time to book one ticket by ticket server. Then Z also follows exponential distribution.

NOTE: all the notes above is fictional and not copied or referred to any other sources.

Define (in your own words) and give an example of a time in
which you experienced inattentional blindness. This example should
not come from the text or Internet.
Define (in your own words) and give an example of a time in
which you experienced change blindness. This example should not
come from the text or Internet.

Describe in your own words Seligman’s Preparedness Theory. Give
your own example of how this would manifest in a human.

Do not copy and paste answers from the web!!!!
In your own words, give an example of how a business would use
each of the following type of business analytics:
a. Descriptive Analytics
b. Predictive Analytics
c. Prescriptive Analytics

In your own words, explain the remainder theorem and give an
example of how it is used. How is the factor theorem related to the
remainder theorem? What is synthetic division? Demonstrate how
synthetic division is used to find zeros of a polynomial.

Discuss synectics in your own words. Provide an example of a
situation when you would use synectics.

IN your own words please discuss the following question in 250
word count. IF using internet source please provide all
references.
How can technology reduce errors in medical coding while helping
organizations remain compliant with billing and reimbursement
guidelines?

Provide an example in your own words where you use the Supply
and Demand Model to explain a movement in prices.

VI) Provide an example in your own words where you use the
Supply and Demand Model to explain a movement in prices.

In your own words, explain how frequency distribution tables are
important to the HIM profession. Also, how do you think
understanding the various concepts within frequency distributions
can benefit an HIM professional in his or her career? Give an
example of how you might use frequency distribution tables in your
own career.
Please type this in and do not write it on paper.

600-1000 words
Using your own words (do not cut and paste an example from
another source) please state and explain the computational steps of
a Net Present Value (NPV) calculation. What information does NPV
provide a management team of a business and what kind of decision
is made by management when it considers a project’s NPV?

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