If electricity power failures occur in a particular industry according to Poisson distribution with an average of
Fantastic news! We've Found the answer you've been seeking!
Question:
If electricity power failures occur in a particular industry according to Poisson distribution with an average of 15 failures every week, calculate the probability that there will not be more than 2 failures during in two weeks’ time.
Related Book For
An Introduction to the Mathematics of Financial Derivatives
ISBN: 978-0123846822
3rd edition
Authors: Ali Hirsa, Salih N. Neftci
Posted Date: