Based on historical data, the probability that a major league pitcher pitches a no hitter in a game is about 1 1300 a Use the binomial distribution to determine the probability that in 650 games 0, 1, 2, or 3 no hitters will be pitched b Repeat part a using the Poisson approximation to the binomial...

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Based on historical data, the probability that a major league pitcher pitches a no-hitter in a game

Question:

Based on historical data, the probability that a major league pitcher pitches a no-hitter in a game is about 1/1300.
a. Use the binomial to determine the probability that in 650 games 0, 1, 2, or 3 no-hitters will be pitched.
b. Repeat part a using the Poisson approximation to the binomial. This approximation says that if n is large and p is small, a binomial with parameters n and p is approximately the same as a Poisson with λ = np.

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...