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kingwinner
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Homework Statement
Let Y be the number of customers entering a ABC bank in a day. It is known that Y has a Poisson distribution with some unknown mean lambda. Suppose that 1% of the customers entering the branch in a day open a new ABC bank account. Find the mean and variance of the number of customers who open a new ABC bank account in a day.
Homework Equations
The Attempt at a Solution
Just based on past experience, I THINK this is related to multivariate distributions and PROBABLY would use the fact E[E(Y|X)]=E(Y). But I am not sure how to define the random variables properly...
Can someone explain?
Thanks for any help!