Use the data set shown below to answer the following question(s). The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,which of the following Crystal Ball functions determines the customer demand?
A)CB.Binomial(220)
B)CB.Binomial(0.02,210)
C)CB.Poisson(220)
D)CB.Poisson(0.02,220)

Question

Use the data set shown below to answer the following question(s).  The demand at the ticket booking center can be modeled by a Poisson distribution with a mean of 220.Assume that each reservation has a constant probability of p = 0.02 of being cancelled.Use Crystal Ball functions for the model.
-For the data given above,which of the following Crystal Ball functions determines the customer demand?
A)CB.Binomial(220) 
B)CB.Binomial(0.02,210) 
C)CB.Poisson(220) 
D)CB.Poisson(0.02,220)

Quizplus · Accepted Answer

The given data set can be modeled by a Poisson distribution with a mean of 220, which means the demand follows a Poisson distribution with a mean of 220. Therefore, the function that determines the customer demand is CB.Poisson(220). The other options are not applicable as they involve a Binomial distribution or a combination of the Poisson and Binomial distributions, neither of which are suitable for this specific scenario.

Use the Data Set Shown Below to Answer the Following