It is believed that sales of books at a local bookstore follow a Poisson distribution. Below you are given information on the number of books sold during a sample of 15-minute intervals.
a. What is the average number of books sold during a 15-minute period?
b. Using the Poisson distribution, find the probability associated with the number of books sold.c. Generate the expected number of books sold using a Poisson probability table.d. State the null and alternative hypotheses.
e. Calculate the test statistic.f. Use the p-value approach to test the hypotheses. What is your conclusion? Let  = .05.

Question

It is believed that sales of books at a local bookstore follow a Poisson distribution. Below you are given information on the number of books sold during a sample of 15-minute intervals.  
a. What is the average number of books sold during a 15-minute period?
b. Using the Poisson distribution, find the probability associated with the number of books sold.c. Generate the expected number of books sold using a Poisson probability table.d. State the null and alternative hypotheses.
e. Calculate the test statistic.f. Use the p-value approach to test the hypotheses. What is your conclusion? Let  = .05.

Quizplus · Accepted Answer

The Answer of It is believed that sales of books at a local bookstore follow a Poisson distribution. Below you are given information on the number of books sold during a sample of 15-minute intervals.  
a. What is the average number of books sold during a 15-minute period?
b. Using the Poisson distribution, find the probability associated with the number of books sold.c. Generate the expected number of books sold using a Poisson probability table.d. State the null and alternative hypotheses.
e. Calculate the test statistic.f. Use the p-value approach to test the hypotheses. What is your conclusion? Let  = .05.

It Is Believed That Sales of Books at a Local