The mean number of bankruptcies filed per hour by businesses in the United States in 2016 was

Question:

The mean number of bankruptcies filed per hour by businesses in the United States in 2016 was about 2.8.

(a) Find the variance and the standard deviation. Interpret the results.

(b) Find the probability that at most five businesses will file bankruptcy in any given hour.

Use the fact that the variance of the Poisson distribution is σ² = μ.

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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