Multiple Choice
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,identify the Crystal Ball function that models the number of cancellations.
A) CB.Poisson(0.02,Reservation limit)
B) CB.Binomial(0.02,Reservation limit)
C) CB.Poisson(0.02,Customer demand)
D) CB.Binomial(0.02,Reservations made)
Correct Answer:

Verified
Correct Answer:
Verified
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