/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 35 Consider a Poisson random variab... [FREE SOLUTION] | 91Ó°ÊÓ

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Consider a Poisson random variable with \(\mu=2.5 .\) Calculate the following probabilities using the following table. $$ \begin{array}{|l|l|l|} \hline \text { Probability } & \text { Formula } & \text { Calculated Value } \\\ \hline P(x=0) & \frac{\mu^{k} e^{-\mu}}{k !}= & \\ \hline P(x=1) & \frac{\mu^{k} e^{-\mu}}{k !}= & \\ \hline P(x=2) & \frac{\mu^{k} e^{-\mu}}{k !}= & \\ \hline P(2 \text { or fewer successes }) & P(x=\longrightarrow)+P(x=\longrightarrow)+P(x=\longrightarrow) & \\ \hline \end{array} $$

Short Answer

Expert verified
Based on the given Poisson Random Variable with μ=2.5, calculate and interpret the probability of having 2 or fewer successes.

Step by step solution

01

Calculate P(x=0)

Using the Poisson Probability formula, plug in \(\mu=2.5\) and \(k=0\): $$ P(x=0) = \frac{2.5^{0} e^{-2.5}}{0!} = \frac{1 e^{-2.5}}{1} = e^{-2.5} ≈ 0.0821 $$
02

Calculate P(x=1)

Using the Poisson Probability formula, plug in \(\mu=2.5\) and \(k=1\): $$ P(x=1) = \frac{2.5^{1} e^{-2.5}}{1!} = \frac{2.5 e^{-2.5}}{1} = 2.5 e^{-2.5} ≈ 0.2052 $$
03

Calculate P(x=2)

Using the Poisson Probability formula, plug in \(\mu=2.5\) and \(k=2\): $$ P(x=2) = \frac{2.5^{2} e^{-2.5}}{2!} = \frac{6.25 e^{-2.5}}{2} = 3.125 e^{-2.5} ≈ 0.2565 $$
04

Calculate Probability of 2 or fewer successes

Calculate the sum of the probabilities of \(P(x=0)\), \(P(x=1)\), and \(P(x=2)\): $$ P(2 \text{ or fewer successes}) = P(x=0) + P(x=1) + P(x=2) = 0.0821 + 0.2052 + 0.2565 ≈ 0.5438 $$
05

Final Result

Using the Poisson Probability formula, we have calculated the following probabilities: - \(P(x=0) ≈ 0.0821\) - \(P(x=1) ≈ 0.2052\) - \(P(x=2) ≈ 0.2565\) - \(P(2 \text{ or fewer successes}) ≈ 0.5438\)

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Probability Calculations
Probability calculations are essential in understanding how likely an event is to occur. When dealing with probability, we often express it as a fraction or a decimal ranging from 0 to 1. A probability of 0 indicates the event cannot happen, while a probability of 1 means it is certain to happen. In various statistical problems, we calculate probabilities to make informed predictions or decisions.
To find the probability of an event under a given set of conditions, it’s important to understand the rules that govern probability. These include:
  • Additive Rule: For any two mutually exclusive events, the probability of either event happening is the sum of their individual probabilities.
  • Multiplicative Rule: For independent events, the probability of both events occurring is the product of their individual probabilities.
When working with probability calculations in exercises, one must identify what type of probability distribution is involved. For example, in the case of Poisson distribution, probabilities help in predicting the number of events occurring within a fixed interval of time or space.
Random Variables
A random variable represents a numerical outcome of a random phenomenon. It assigns numbers to every possible result in a random experiment. There are two main types of random variables we deal with: discrete and continuous.
In a discrete random variable, the outcomes are counted. For instance, the number of emails received in a day or the number of stars visible in the night sky are discrete as they can be counted in whole numbers. The Poisson distribution, particularly in the exercise provided, is based on discrete random variables as it predicts counts of events like the number of customer calls received over a given hour.
Continuous random variables, on the other hand, measure outcomes such as time, temperature, and weight, where the result can take any value within a given range. When dealing with random variables:
  • Determine the type of random variable to choose the correct probability distribution.
  • Understand the parameters of the distribution, such as the mean \(\mu\), which is crucial for calculations, especially in distribution like Poisson.
Proper understanding of random variables helps in accurately applying formulas and interpreting results.
Poisson Probability Formula
The Poisson Probability Formula is pivotal for calculating probabilities of a given number of events within a fixed interval, where these events happen with a known constant mean rate, and are independent of each other. The formula is:
\[ P(x=k) = \frac{\mu^{k} e^{-\mu}}{k!} \]
Here, \(k\) is the actual number of successes that result from an experiment, \(\mu\) is the average number of successes, and \(e\) is the base of the natural logarithm, approximately equal to 2.71828. The factorial of \(k\), denoted \(k!\), is crucial as it ensures the number of occurrences is correctly accounted for.
To effectively use the Poisson formula, understand these steps:
  • Identify the value for \(\mu\) based on the average rate of event occurrence.
  • Determine \(k\), the number of occurrences for which you want to find the probability.
  • Use the formula thoroughly, substituting \(\mu\) and \(k\) into the formula and solving for the probability.
The correct application of the Poisson formula, as seen in the original exercise's solution, allows for precise probability calculations of events, aiding in effective decision-making and predictions in various fields.

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