Your company president has told you that the company experiences product returns at the rate of two per month with the number of product returns distributed as a Poisson random variable. Determine the probability that next month there will be: a) no returns. c) two returns. d) What is the probability that the company will experience three returns in the next two months.
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Your company president has told you that the company experiences product returns at the rate of two per month with the number of product returns distributed as a Poisson random variable. Determine the probability that next month there will be: a) no returns. c) two returns. d) What is the probability that the company will experience three returns in the next two months.
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