SOLUTION: A vendor sells merchandise through Amazon and eBay. On eBay she sells an average rate of 17 items per day, while on Amazon the daily average is 19. Both sales follow a Poisson dist
Algebra.Com
Question 1198955: A vendor sells merchandise through Amazon and eBay. On eBay she sells an average rate of 17 items per day, while on Amazon the daily average is 19. Both sales follow a Poisson distribution and are independent of each other. What is the probability that she sells 35 items on a given day?
Answer by CPhill(1959) (Show Source): You can put this solution on YOUR website!
**1. Determine the Total Average Sales:**
* Total average sales per day: 17 items/day (eBay) + 19 items/day (Amazon) = 36 items/day
**2. Define the Random Variables:**
* Let X be the number of items sold on eBay per day.
* Let Y be the number of items sold on Amazon per day.
* Let Z be the total number of items sold per day (Z = X + Y)
**3. Determine the Distribution of Z**
* Since X and Y are independent Poisson random variables, their sum (Z) also follows a Poisson distribution.
* The mean of Z is the sum of the means of X and Y:
* Mean of Z (λ_Z) = λ_X + λ_Y = 17 + 19 = 36
**4. Calculate the Probability of Selling 35 Items**
* We want to find P(Z = 35), where Z follows a Poisson distribution with mean λ_Z = 36.
* The probability mass function of a Poisson distribution is:
* P(Z = k) = (λ_Z^k * e^(-λ_Z)) / k!
* where:
* k is the number of occurrences (in this case, 35)
* λ_Z is the mean of the Poisson distribution (36)
* e is the base of the natural logarithm (approximately 2.71828)
* k! is the factorial of k
* P(Z = 35) = (36^35 * e^(-36)) / 35!
* **Use a calculator or statistical software to calculate this value.**
**Therefore, the probability that the vendor sells 35 items on a given day is given by the Poisson probability mass function with λ_Z = 36 and k = 35.**
**Note:**
* Calculating this probability directly might involve very large numbers and can be computationally challenging.
* You can use statistical software (like R, Python with libraries like SciPy) or online calculators to efficiently compute the Poisson probability.
RELATED QUESTIONS
Pho Lin has investments in EBay and Amazon stock. On March 9, 2007, EBay stock closed at... (answered by mbmodak)
Pho lin has investments in ebay and amazon stock. On match 9,2007, ebay stock closed at... (answered by ikleyn)
Textbook prices have a seasonal structure on Ebay. At the end of a term, the supply of... (answered by stanbon)
Mr. Urbancik sells 12 cds on eBay for 120$. He gets a check for 84$ after the commission... (answered by Boreal)
Susan makes and sells necklaces on a beach. When she sells the necklaces for Php 100... (answered by ikleyn)
Kenny makes $50.00 every Friday night babysitting and she also sold $276.00 worth of... (answered by solver91311)
Lucinda makes $50 every Friday night babysitting and she also sold $276 worth of
clothes (answered by ikleyn)
As a salesperson at Roaring Waves Beach Supplies, Carissa receives a monthly based pay... (answered by Theo)
An ice cream vendor sells an average of 100 cones per day when the price of each cone is... (answered by josgarithmetic)