Tickets to a concert are sold according to a poisson distribution with mean 30 per day.What are the probability that
i) less than 20 tickets are sold in one day
ii)all 180 tickets are sold in 5 day working week
Poisson distribution with "\\lambda=30" per day.
"p(x)=\\frac{e^{-\\lambda} \\lambda^x}{x!}, x=0,1,2,..."
i. P(x<20)
"P(x<20)=\\sum_{x=0}^{19}\\frac{e^{-30} 30^x}{x!}"
The table below gives the values for x = 0-19
From the table, "\\sum_{x=0}^{19}=0.02187"
Thus, "P(x<20)=0.02187"
=POISSON.DIST(19,30,TRUE) excel function can be used to obtain the solution.
ii. P(x=180) in 5 days
"\\lambda=30\\times5=150"
"p(180)=\\frac{e^{-150} 150^{180}}{180!}"
"=0.00178"
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