Helmut goes fishing every Sunday. The number of fish he catches
follows a Poisson distribution.
On a proportion π of the days he goes fishing, he does not catch
anything. He makes it a rule
to take home the first and then every other fish that he catches
(i.e. the first, third, fifth, and
so on).
Using a Poisson distribution, find the mean number of fish he
catches.
Let
X be the total number of fishes he catches
Y is when he goes fishing
now ,we have
X|Y follows the poisson distribution
hence,mean number of fishes he catches is given by
E(X)=
E(E(X|Y)) = π *
{Assuming
is mean for poisson
distribution}
Helmut goes fishing every Sunday. The number of fish he catches follows a Poisson distribution. On...
The number of fish that a fisherman catches in a day is a Poisson random variable with mean = 30. However, on average, the fisherman throws back two out of every three fish he catches. (a) What is the probability that, on a given day, the fisherman takes home n fish. (b) What is the mean and variance of the number of fish he catches (c) What is the mean and variance of the number of fish he takes home...
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My
question is about the case study “ Comparing Apples and Oranges:
which group yuelds the best profit?”
1) Using the Excel apreadsheet attached to complete the rooms
sold and revenue projections based on the above case study.
Case Study: "Comparing Apples and Oranges: Which Group Yields
the Best Profit?"
The Diamond Peak Hotel, one of 45 hotels in the Host Marriott
management company, was bustling with business this Thursday
afternoon as the hour of the daily revenue meeting drew...