Question

On average, a furniture store sells four card tables in a week. Assuming a Poisson distribution for the weekly sales, the probability that the store will sell exactly seven card tables in a given week is most nearly Select one: a. 0.11 b. 0.075 c. 0.15 d. 0.060

Answer 1

Assuming a Poisson distribution for the weekly sales, the probability that the store will sell exactly seven card tables in a given week is 0.060

Explanation:

In order to calculate the probability that the store will sell exactly seven card tables in a given week we would have to calculate the following formula:

probability that the store will sell exactly seven card tables in a given week= e∧-λ*λ∧x/x!

According to the given data furniture store sells four card tables in a week, hence λ=4

Therefore, probability that the store will sell exactly seven card tables in a given week=e∧-4*4∧7/7!

probability that the store will sell exactly seven card tables in a given week=0.060

Assuming a Poisson distribution for the weekly sales, the probability that the store will sell exactly seven card tables in a given week is 0.060