Poisson and exponential distributions
Please explain both Poisson and exponential distributions and the difference between them. Please include extensive details for lifesaver.
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A post office has two counters where customers can buy stamps, etc. If you are interested in the number of customers in the two queues that will form for the counters, what would you take as sample space?
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When do we use Chevbychev's theorem? with what kinds of problems? and for what purpose? please explain clearly for lifesaver.
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