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Poisson 39'6

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Use binomial to obtain range of expected outcomes for a fair coin (p=0.5) flipped n times: If n=50, 95% of outcomes will be between 17.9 and 32.1 ... – PowerPoint PPT presentation

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Title: Poisson 39'6


1
Problem 3.
  • Poisson (?39.6)
  • Negative Binomial (r1, p0.12)
  • Binomial (n475, p0.03)
  • Binomial (n200, p0.985)

2
Problem 4.
3
Problem 5.
  • Use binomial to obtain range of expected outcomes
    for a fair coin (p0.5) flipped n times
  • If n50, 95 of outcomes will be between 17.9 and
    32.1
  • If n300, 95 of outcomes will be between 132.7
    and 167.3

4
Problem 6.
  • Use binomial to obtain range of expected outcomes
    for a bank meeting the benchmark (p0.7) that
    processes n187 loan applications
  • 95 of outcomes will be between 118.4 and 143.4

5
Problem 7.
Customer
Drive Up
Walk In
0.2
0.8
Walk In
Teller
Loan
0.85
0.95
0.05
0.15
Loan
Teller
0.85
0.15
6
Problem 8.
  • Use binomial to obtain range of expected outcomes
    for a school meeting the benchmark (p0.045) that
    includes n400 seniors
  • 95 of outcomes will be between 9.7 and 26.3

7
Problem 9.
  • Use Poisson to obtain range of expected outcomes
    for a road that averages ? 7 accidents in a
    6-month period
  • 95 of outcomes will be between 1.7 and 12.3

8
Problem 10.
  • Use Poisson to obtain range of expected outcomes
    for a sample of lumber that averages ? 9
    imperfections per sample
  • 95 of outcomes will be between 3.0 and 15.0
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