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Author Question: The Poisson distribution might be used to model all of the following except ________. A) the ... (Read 50 times)

jhjkgdfhk

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on: Jun 24, 2018
The Poisson distribution might be used to model all of the following except ________.
 
  A) the number of errors per line in software code
  B) the number of customers that use an ATM during lunch hour
  C) the number of items ordered per customer from inventory
  D) the number of voters registered for an upcoming election

Question 2

Define risk and risk analysis.
 
  What will be an ideal response?
Statistics, Data Analysis, and Decision Modeling ¦ Evans ¦ 5th Edition
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Moriaki

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

Risk is simply the probability of occurrence of an undesirable outcome.
Risk analysis is an approach for developing a comprehensive understanding and awareness of the risk associated with a particular variable of interest.


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