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Brilliant_brown [7]
2 years ago
9

A company is preparing to launch a new web site to sell its products. From past experience, they know that purchases at the site

will occur as a Poisson process with on average 30 purchases every 10 minutes.
a) What is the expected time in minutes before the first purchase after the site opens? Give your answer to four decimal places.
b) What is the probability that more than 0.14 minutes pass before the first purchase? Give your answer to four decimal places.
c) What is the expected time in minutes until the fifth purchase? Give your answer to four decimal places.

Business
1 answer:
blsea [12.9K]2 years ago
6 0

Answer:

Explanation:

Poisson process is a formula for a series of event where the interval between events is provided but the exact timing is random and the arrival of an event is independent on previous event.

Please find the answers attached

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Answer:

$306,000

Explanation:

To determine manufacturing costs, consider only those cost that can be directly traced to the product manufactured and plant related costs.

<u>Total Manufacturing Cost Calculation :</u>

Factory Utilities                         $11,400

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Total Manufacturing Cost    $306,000

5 0
2 years ago
Dayna deposited $2700 into a savings account that pays a simple annual interest rate of 1.6%. how much interest will she earn af
d1i1m1o1n [39]
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6 0
2 years ago
Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not
9966 [12]

Answer: democratic leadership

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8 0
2 years ago
Which of the following occupations would most likely be
Rudik [331]

Answer:

Farm worker​

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Seasonal unemployment occurs due to a decrease in labor demand at particular times of the year. Some industries experience increased activities during specific seasons.  Hotels and restaurants may experience a boom in holiday seasons, while Ski business may be closed during summer.

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3 0
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lys-0071 [83]

Answer:

$126

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estimated return (260x30%) =                    ($78)

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Amount Mira can pay for Synthetic material per unit is $126

               

6 0
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