Mean gap between thank-you cards from two firms
Question
Clients arrive at two quant firms according to independent Poisson processes with rates and . Each client of the first firm leaves a glowing review with probability , and each client of the second with probability , independently. Every client who leaves a glowing review is mailed a thank-you card. What is the expected waiting time between successive card-receiving clients (across both firms)?
Short answer
. Thinning a Poisson process keeps it Poisson: the card streams have rates and . Superposing independent Poisson streams adds rates, giving rate , so gaps are with mean .
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Open the worked solutionLessons behind this question
- Defining the Poisson Process: Three Equivalent Constructions
- Independence
- Expectation, Mean, and Variance
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