Re: Restaurant wait time question?
To tell you the truth I'm really not that happy with assuming the Poisson distribution for the number of tables coming open in a period of time like 10 minutes. This model would apply best when there are a large number of tables and patrons spend a relatively long time at their tables.
A Full Credit solution should probably include reasons why the Poisson is a good model, either by way of the Poisson's characteristic properties or as a limit for the Binomial.
PairTheBoard
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