Question: In order to earn enough to pay your firm s debt

In order to earn enough to pay your firm’s debt this year, you will need to be awarded at least 2 contracts. This is not usually a problem, since the yearly average is 5.1 contracts. You may assume a Poisson distribution.
a. Find the probability that you will not earn enough to pay your firm’s debt this year.
b. Find the probability that you will be awarded exactly 3 contracts.



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  • CreatedNovember 11, 2015
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