Poisson process with mean


Job offers for a college graduate arrive according to Poisson process with mean 2 per month. A job offer is acceptable if the wages are at least $32,000. If 80% of the offers are acceptable, find the probability that it will take a college graduate more than 3 months to receive an acceptable offer.

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Poisson process with mean
Reference No:- TGS0873575

Expected delivery within 24 Hours