Question: A consumer response team hears directly from consumers about the challenges they face in themarketplace, brings their concerns to the attention of financialinstitutions, and assists
A consumer response team hears directly from consumers about the challenges they face in themarketplace, brings their concerns to the attention of financialinstitutions, and assists in addressing their complaints. The consumer response team accepts complaints related tomortgages, bank accounts andservices, private studentloans, other consumerloans, and credit reporting. An analysis of complaints over time indicates that the mean number of credit reporting complaints registered by consumers is 3.75 per day. Assume that the number of credit reporting complaints registered by consumers is distributed as a Poisson random variable. Complete parts(a) through(d) below.
What is the probability that on a givenday, no credit reporting complaints will be registered byconsumers?
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