The number of customers that enter a bank follows a Poisson distribution with an average of 30 customers per hour. What is the probability that exactly 3 customers would arrive during a 12 minute period?
Select one:
a. 0.4211
b. 0.1008
c. 0.2586
d. 0.1404
e. 0.0892
Solution :
Let X represents the number of customers arriving at a bank.
Given that, X follows poisson distribution with average rate of 30 customers per hour.
We have to obtain P(X = 3) in t = 12 minutes.
According to poisson process, the probability of occurrence of exactly x events in time t is given by,
Where, λ is the rate of occurrence of the event.
We have, λ = 30 customers/hour
t = 12 minutes = 12/60 = 0.2 hour
λt = 30 × 0.2 = 6
Hence, the probability that exactly 3 customers would arrive during a 12 minute period is 0.0892.
Hence, option (e) is correct.
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