The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that Fore and Aft decided to build a docking facility where one boat at a time can stop for gas and servicing. Assume that arrivals follow a Poisson probability distribution, with an arrival rate of 5 boats per hour, and that service times follow an exponential probability distribution, with a service times follow an exponential probability distribution, with a service rate of 10 boats per hour. Answer the following questions:

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Q: The new Fore and Aft Marina is to be located on the Ohio River near Madison, Indiana. Assume that…

A: Given that the arrival rate follows Poisson distribution with a rate of 5 boats per hour. That is, λ…

Q: Given the following probability distribution for the number of semesters of Math a (non-Math major)…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.