Poisson Distribution
Finding an observed value
You can be asked to find an observed value as in the following question.
A shop sells a particular T.V at a mean rate of 5 per day. Assuming that the number sold per day follows a Poisson distribution. Find the smallest number of T.V.'s that must be in stock at the beginning of the day in order to have at least a 99% chance of being able to meet all demands that day.
" I'm a teacher and use your site regularly "
Please help me to complete this project and keep it free for all to benefit from. More ...
Over 2000 videos have been completed so far and more go up most days, see my facebook page.