Poisson Distribution
One half of one percent of the checks received by an oil company are returned due to insufficient funds.Yesterday 500 checks were received in the mail.Let x equal the number of these checks which will be returned due to insufficient funds.
-Use the Poisson distribution to compute the binomial probability that none of the checks are returned.

Question

Quizplus · Accepted Answer

The Answer of Poisson Distribution
One half of one percent of the checks received by an oil company are returned due to insufficient funds.Yesterday 500 checks were received in the mail.Let x equal the number of these checks which will be returned due to insufficient funds.
-Use the Poisson distribution to compute the binomial probability that none of the checks are returned.

Poisson Distribution One Half of One Percent of the Checks Received by Received