Customers arrive at a rate of 24 people per hour to a bank. Assume that the number of customers arriving can be described using the Poisson distribution. What is the probability that exactly 20 customers arrive in the next hour

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Answer:

5.57% probability that exactly 20 customers arrive in the next hour

Step-by-step explanation:

In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

In which

x is the number of sucesses

e = 2.71828 is the Euler number

[tex]\mu[/tex] is the mean in the given interval.

24 people per hour to a bank.

This means that [tex]\mu = 24[/tex]

What is the probability that exactly 20 customers arrive in the next hour

This is P(X = 20).

[tex]P(X = x) = \frac{e^{-\mu}*\mu^{x}}{(x)!}[/tex]

[tex]P(X = 24) = \frac{e^{-20}*(20)^{24}}{(24)!} = 0.0557[/tex]

5.57% probability that exactly 20 customers arrive in the next hour