Jim is a real estate agent who sells large commercial buildings. Because his commission is so large

Question:

Jim is a real estate agent who sells large commercial buildings. Because his commission is so large on a single sale, he does not need to sell many buildings to make a good living. History shows that Jim has a record of selling an average of eight large commercial buildings every 275 days.

(a) Explain why a Poisson probability distribution would be a good choice for r = number of buildings sold in a given time interval.

(b) In a 60-day period, what is the probability that Jim will make no sales? one sale? two or more sales?

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...