This is theoretical to help my understanding of stats, but not homework/coursework.

if I have a (lets say) a kayak rental business which is open 24/7 and has no hourly variation in the parameters outlined below, and

Thank you for your thoughts and expertise

if I have a (lets say) a kayak rental business which is open 24/7 and has no hourly variation in the parameters outlined below, and

- The number of customers approaching the stall to rent a kayak each hour follows a Poisson distribution, say with a
*λ*= 0.5 - The duration of rental (time before the customer returns the kayak) follows a right skewed distribution of some kind - log normal or inverse gamma - lets say log normal (working in hours as our unit of time):

μ = ln(2) and σ =ln(1.5)

Thank you for your thoughts and expertise

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