A local bank has determined that the number of companies listed in the area declaring bankruptcy follows an approximately a Poisson distribution with a mean of 2.6 per year.
-Find the probability that exactly 4 bankruptcies occur next year.
A) 8774
B) 1414
C) 1557
D) 2176
E) 2500
Correct Answer:
Verified
Q23: A local bank has determined that the
Q24: Two characteristics/assumptions of the Poisson distribution include:
A)Probability
Q25: The probability that a given computer chip
Q26: If n = 20 and p =
Q29: A random variable is said to be
Q30: An urn contains 50 black balls and
Q30: If n = 15 and p =
Q31: A local bank has determined that the
Q32: According to a survey of adults,64% have
Q58: Which of the following statements about the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents