Poisson distribution to calculate the probabilities

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Reference no: EM132190264

1. You are a 26 year old brand new MBA graduate. You have just accepted a Managing Partner Position at a prestigious Advertising Firm. You know from research that 5 current employees had applied for THE JOB YOU NOW hold. They are older and have 10 plus years experience on you.

Question: How will you handle the first 6 weeks on this Job?

2. Leyland Motors can service an average 5 cars per hour, and the owner of Leyland Motors wants to know the probability of various customer arrival rates. Given the average arrival rate of 4 customers per hour, the owner uses the Poisson distribution to calculate the probabilities of various customer arrivals per hour.

What is the probability that there will be more than 5 customers arriving within 1 hour?

Reference no: EM132190264

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