Question: A corporation has 250 personal computers. The probability that any 1 of them will require repair in a given week is 0.01. Find the probability

A has 250 personal computers. The probability that any 1 of them will require repair in a given week is 0.01. Find the probability that fewer than 4 of the personal computers will require repair in a particular week. Use the Poisson approximation to the binomial distribution.

Step by Step Solution

★★★★★

3.48 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

n 250 p 01 Using the Poisson a... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

488-S-D-R-V (300).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Use the normal approximation to the binomial distribution to determine (to four decimals) the probability of getting 7 heads and 7 tails in 14 flips of a balanced coin. Also refer to Table I on pages...

The error function defined by gives the probability that any one of a series of trials will lie within x units of the mean, assuming that the trials have a normal distribution with mean 0 and...

In proof testing of circuit boards, the probability that any particular diode will fail is .01. Suppose a circuit board contains 200 diodes. a. How many diodes would you expect to fail, and what is...

4.59 A corporation has 250 personal computers. The probability that any 1 of them will require repair in a given week is 0.01. Find the probability that fewer than 4 of the personal computers will...

A corporation has 280 personal computers. The probability that any 1 of them will require repair in a given week is 0.01. Find the probability that fewer than 3 of the personal computers will require...

A corporation has 250 personal computers. The probability that any one of them will re- quire repair in a given week is .01. Find the probability that fewer than four of the personal computers will...

Homework 4 1. Jessica Williams, manager of Kitchen Appliances for the Midtown Department Store, feels that her inventory levels of stoves have been running higher than necessary. Before revisiting...

HSF1 Statistics / Session 8: Midterm Exam Week (Optional Review Session - June 30) / Midterm Exam Summer 2022 Question 16 Not yet answered Points out of 2.00 Flag question A company has 125 personal...

Which of these compounds would you expect to be more soluble in water? Explain? CHCHCHCHCOH or CH3CHCHCHCHCOH

Shortly after the introduction of the Belgian euro coin, newspapers around the world published articles claiming the coin is biased. The stories were based on reports that someone had spun the coin...

50. A blackjack player at a Las Vegas casino learned that the house will provide a free room if play is for four hours at an average bet of $50. The players strategy provides a probability of .49 of...

3. Nortel Networks illustrated , ____________one of the most of financial ____________reporting.

The following stocks make up the Dow Jones Industrial Average (Barrons, July 30, 2012). Suppose you would like to select a sample of six of these companies to conduct an in-depth study of management...

A survey question for a sample of 150 individuals yielded 75 Yes responses, 55 No responses, and 20 No Opinions. a. What is the point estimate of the proportion in the population who respond Yes? b....

Morningstar publishes ratings data on 1208 company stocks (Morningstar website, October 24, 2012). A sample of 40 of these stocks is contained in the data set Morningstar. Use the data set to answer...

HELP!!! Why data table doesn't work? pls in detail!! ATA TABLE ATA TABLE

Keep the Change is a clever way of encouraging savings that builds a savings account with a contribution margin of 2 percentage points of interest: It pays one percent on a savings account that can...

Worked example shares by CAPM From the past history of its share price, a company is found to have an equity beta of 0 . 8 5 . It currently has 1 0 0 M shares outstanding at a price of $ 1 . 8 5 per...