What is lambda in the problem?

So I was given this problem by my professor:

Unfortunately he is unreachable during the holidays. Can someone explain what lambda is supposed to be?

This is the code I have written thus far:

function p=calcprob(k)

p=exp(-lambda)*(((lambda)^k)/(factorial(k)))
end

Answer 1

[KSSV]

It is a Poisson's Distribution......lambda is the average number of events (here cars) per interval. Read more here: https://en.wikipedia.org/wiki/Poisson_distribution

[Matthew Lozancich]

So in this case Lambda = K(cars)/(1) min ??

[Matthew Lozancich]

NVM i'm so dumb. LOL I reread the problem. Thanks!

Answer 2

[SAITEJA JASTI]

lambda