You are running a gas station business near a highway. Cars are passing by according to a Poisson process with λ=54 per
Posted: Mon Nov 15, 2021 9:56 am
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$.
are passing by according to a Poisson process
with λ=54 per hour. The probability of a car stopping by
the gas station is p= 1/9. The amount of money spent in the
gas station is uniformly distributed between 200$ and
550$.