Here are 2 scenarios:
1) Suppose travelers purchase airline tickets 20 days before their planned travel date, on average.
2) Suppose on average the daily sales volume of TVs at Best Buy is 5.
One of them follows a Poisson distribution and one follows Exponential distribution. Before I can do the other parts of the questions, I need to know which is which. Please explain why.
1) Suppose travelers purchase airline tickets 20 days before their planned travel date, on average.
2) Suppose on average the daily sales volume of TVs at Best Buy is 5.
One of them follows a Poisson distribution and one follows Exponential distribution. Before I can do the other parts of the questions, I need to know which is which. Please explain why.