From past records the Department of Treasury knows that an average of three savings and loans fail

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From past records the Department of Treasury knows that an average of three savings and loans fail per week. Last week six failed. How likely is this event? What is the probability that no savings and loans would fail in a week’s time? What is the probability that exactly one would fail?
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Applied Statistics For Public And Nonprofit Administration

ISBN: 9781285737232

9th Edition

Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte

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