The university police department must write, on average, five tickets per day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with a mean of 9.5. Interpret the value of the mean
A) If we sampled all days, the arithmetic average number of tickets written would be 9.5 tickets per day.
B) On half of the days less than 9.5 tickets are written and on half of the days have more than 9.5 tickets are written.
C) The number of tickets that is written most often is 9.5 tickets per day.
D) The mean has no interpretation since 0.5 ticket can never be written.
A
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Use the information in Table D.1. Given the information in the optimal tableau, what is the overtime cost in dollars per unit?
A) less than $12 B) greater than $12 but less than or equal to $14 C) greater than $14 but less than or equal to $16 D) greater than $16