In a marketing and sales model,which of the following might be a good choice for a discrete distribution to model the random timing of sales?
A) RAND()
B) Normal distribution
C) Binomial distribution
D) Exponential distribution
E) Poisson distribution

Question

Quizplus · Accepted Answer

The Poisson distribution is suitable for modeling the number of events (such as sales) occurring within a fixed interval of time or space, making it a good choice for modeling random timing of sales.

In a Marketing and Sales Model,which of the Following Might