In a marketing and sales model, what might be a good choice for a discrete distribution to model the random timing of sales?
A) logarithmic distribution
B) normal distribution
C) binomial distribution
D) exponential distribution
E) Poisson distribution

Question

Quizplus · Accepted Answer

The Poisson distribution is a good choice for modeling the random timing of sales because it is commonly used to describe events that occur randomly in time or space, such as the number of customers arriving at a store or the number of calls received by a call center. It is a discrete distribution that assumes the events occur independently of each other and the rate of occurrence is constant over time. This makes it appropriate for modeling the random arrivals of customers or sales.

In a Marketing and Sales Model, What Might Be a Good