People arrive at the South point Mall at times of a Poisson

process with rate 96 per hour. 1/3 of...

People arrive at the South point Mall at times of a Poisson process with rate 96 per hour. 1/3 of
the shoppers are men and 2/3 are women. (a) Women shop for an amount of time that is
exponentially distributed with mean
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at-times-of-a-poisson-process-with-rate-96-per-hour-1-3-of

People arrive at the South point Mall at times of a Poisson process with rate 96 per hour. 1/3 of
the shoppers are men and 2/3 are women. (a) Women shop for an amount of time that is
exponentially distributed with mean three hours. Men shop for a time that is uniformly distributed
on Œ0; 1 hour. Let (Mt, Wt) be the number of men and women at time t. What is the equilibrium
distribution for (Mt, Wt). (b) Women spend an average of $150 with a standard deviation of $80.
Find the mean and variance of the amount of money spent by women who arrived between 9
a.m. and 10 a.m.

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