In a given city, 4 percent of all licensed drivers will be involved in at least one car accident in any given year Use the Poisson approximation to the binomial distribution to determine the probability that among 150 licensed drivers randomly chosen in this city (a) Only 5 will be involved in at l...

In a given city, 4 percent of all licensed drivers will be involved in at least one

Question:

In a given city, 4 percent of all licensed drivers will be involved in at least one car accident in any given year. Use the Poisson approximation to the binomial to determine the probability that among 150 licensed drivers randomly chosen in this city
(a) Only 5 will be involved in at least one accident in any given year;
(b) At most 3 will be involved in at least one accident in any given year.
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...