A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The c

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A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The c

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A Financial Consultant Has An Average Of Seven Customers He Consults With Each Day Assume A Poisson Distribution The C 1
A Financial Consultant Has An Average Of Seven Customers He Consults With Each Day Assume A Poisson Distribution The C 1 (75.28 KiB) Viewed 96 times
A financial consultant has an average of seven customers he consults with each day; assume a Poisson distribution. The consultant's overhead requires that he consult with at least five customers per day for his fees to cover his expenses. Use the Excel Random Number Generation tool to generate 100 samples of the number of customers that the financial consultant will have daily. What percentage of these will meet his target of at least five? Use a seed of 3 According to the simulation, the consultant will meet his target % of the time.
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