Consider the following to answer the question(s) below:
The number of clients arriving at a bank machine is Poisson distributed with an average of 2 per minute. For a 5 minute period,
-Find the expected value.
A) 2
B) 1.41
C) 3.16
D) 10
E) 2.24

Question

Quizplus · Accepted Answer

The expected value for a Poisson distribution is given by the average rate (λ) times the time period. Here, λ = 2 clients per minute for a 5-minute period, so the expected value is 2 clients/minute * 5 minutes = 10 clients.

Consider the Following to Answer the Question(s) Below