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I think the central question here is how do we know that the daily costs depend on the expected value of lambda squared? How did they come up with that formula? How realistic is it to face this scenario in real life?
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Day 5: Poisson Distribution II
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I think the central question here is how do we know that the daily costs depend on the expected value of lambda squared? How did they come up with that formula? How realistic is it to face this scenario in real life?