Customers leave an establishment as a Poisson process with rate λ per hour. Each customer makes a purchase with probabil
Posted: Wed May 11, 2022 6:39 am
Customers leave an establishment as a Poisson process with rate
λ per hour. Each customer makes a purchase with probability
p.
a) What is the probability density of the time to the first
sale?
b) What is the probability that nothing is sold the first hour?
λ per hour. Each customer makes a purchase with probability
p.
a) What is the probability density of the time to the first
sale?
b) What is the probability that nothing is sold the first hour?