A baseball team loses $10,000 for each consecutive day it rains. Say X, the number of consecutive days it rains at the beginning of the season, has a Poisson distribution with mean 0.2. What is the expected loss before the opening game?
A baseball team loses $10,000 for each consecutive day it rains. Say X, the number of consecutive days it rains at the beginning of the season, has a Poisson distribution with mean 0.2. What is the expected loss before the opening game?
Please post the question excatly as it's written in your book (or wherever it has come from). Required but missing information includes how many days between the beginning of the season and the opening game. And if it rained for two days in a row is that to be interpreted as one consecutive day or two consecutive days?