Poisson Distribution - Example #1 | Manual & Excel Solution
Автор: A Plus Integral
Загружено: 2020-07-27
Просмотров: 102331
Описание:
In this video, we solve a Poisson Distribution problem step by step, using both manual calculations and Excel functions.
We explore a real-life scenario at a Major League Baseball park, where customers arrive at a concession stand. You’ll learn how to compute probabilities for different time intervals and events:
🔹 (A) Probability that exactly 3 customers arrive in 10 minutes
🔹 (B) Probability that exactly 3 customers arrive in 20 minutes
🔹 (C) Probability that 3 or fewer customers arrive in 20 minutes
🔹 (D) Probability that more than 3 customers arrive in 20 minutes
This example will help you understand how to:
✅ Apply the Poisson Probability Formula
✅ Adjust the rate parameter for different time intervals
✅ Use Excel functions to quickly calculate probabilities
Perfect for students learning Business Statistics, Probability, or Data Analytics.
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