QUESTION 10 10 A division within a transportation company is responsible for per

Question

QUESTION 10 10 A division within a transportation company is responsible for performing maintenance on the fleet of trucks used by the company. Trucks in need of repair arrive to the maintenance division according to a Poisson process having a rate of 0.12 trucks per hour. Suppose we begin observing the maintenance division at some point in time. What is the standard deviation of the time (in hour) until the first truck arrives? ( Report answer to three decimal places. Answer must be within +-0.001 of correct value.)

Explanation / Answer

Standard Deviation will be same as 0.12 because in Poisson Process , the parameter value is same as mean and Standard deviation

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