Pace University Probability Distribution and Poison distribution Worksheet

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Business Finance

The operations manager of a toll booth located at a major exit of a state turnpike is trying to estimate the average number of vehicles that arrive at the toll booth during a one-minute period during the peak of rush hour traffic. To estimate this average throughput value, he records the number of vehicles that arrive over a one-minute interval commencing at the same time for each of 250 weekdays. The data are given in the file Distribution fitting Problem 1.xlsx.