Suppose the National Hurricane Center forecasts that hurricanes will hit the strike area with a .95 probability.
Question:
a. What probability distribution does this follow?
b. If there are 10 hurricanes this season, what is the probability that all reach the strike area?
c. What is the probability at least one of 10 hurricanes reaches land outside the strike area?
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...
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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