A Poisson distribution describes X = the number of bad checks a mega-store receives each day. If

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A Poisson distribution describes X = the number of bad checks a mega-store receives each day. If this store receives an average of 2 bad checks per day,
(a) Find the mean and variance. What are the probabilities it will receive
(b) 3 bad checks in a given day?
(c) 5 bad checks over any 2 consecutive days?
(d) 10 or less in three consecutive days.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics Principles And Methods

ISBN: 9780470904114

7th Edition

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

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