Question

In: Statistics and Probability

The huge market that exists for golf balls can be partially attributed to the fact that...

The huge market that exists for golf balls can be partially attributed to the fact that golfers lose them at an average rate of 3 per 18-hole round. Assume that the number of golf balls lost in an 18-hole round is distributed as a Poisson random variable. What is the probability that: No balls will be lost in an 18-hole round? 5 or fewer will be lost in an 18-hole round? 2 or fewer will be lost in a 9-hole round? 3 or fewer will be lost in a 36-hole round?

Solutions

Expert Solution

(a)

Poisson Distribution with = 3 is given by:

                      for x = 0, 1,...

So,

Answer is:

0.0498

(b)

P(X5) = P(X=0) + P(X=1) + P(X=2) + P(X=3) +P(X=4) +P(X=5)

So,

P(X5) = 0.9161

So,

Answer is:

0.9161

(c)

Poisson Distribution with = 1.5 is given by:

                      for x = 0, 1,...

P(X2) = P(X =0) + P(X = 1) + P(X = 2)

So,

P(X2)= 0.8089

So,

Answer is:

0.8089

(d)

Poisson Distribution with = 6 is given by:

                      for x = 0, 1,...

P(X3) = P(X =0) + P(X = 1) + P(X = 2) + P(X=3)

So,

P(X3) = 0.1512

So,

Answer is:

0.1512


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