The ________ distribution is a discrete probability function that has wide business applications.
A)normal
B)exponential
C)binomial
D)Poisson

Question

Quizplus · Accepted Answer

The Poisson distribution is commonly used in business applications such as quality control, inventory management, and finance to model rare events or occurrences. It is a discrete probability function that describes the number of events in a fixed time or space interval, given the average rate of occurrence. Therefore, the Poisson distribution is the best choice for this question.

The ________ Distribution Is a Discrete Probability Function That Has