According to the US Geological Survey, on average there are 150 earthquakes of magnitude 6.0 or greater

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According to the US Geological Survey, on average there are 150 earthquakes of magnitude 6.0 or greater per year worldwide, which translates to an average of .41 quakes per day (source: earthquake.usgs.gov). Assume that all the Poisson conditions regarding independence, etc., are met. How likely is it that the time until the next quake of this magnitude will be
a. At least 3 days?
b. Between 1 and 2 days?
c. Less than 4 days?
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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