You are running a gas station business near a highway. Cars are passing by according to a Poisson process with λ=54 per

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answerhappygod
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You are running a gas station business near a highway. Cars are passing by according to a Poisson process with λ=54 per

Post by answerhappygod »

You are running a gas station business near a highway. Cars
are passing by according to a Poisson process
with λ=54 per hour. The probability of a car stopping by
the gas station is p= 1/9. The amount of money spent in the
gas station is uniformly distributed between 200$ and
550$.
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