Question: You may need to use the appropriate technology to answer this question. A regional director responsible for business development in the state of Pennsylvania is
You may need to use the appropriate technology to answer this question. A regional director responsible for business development in the state of Pennsylvania is concemed about the number of small business fallures. If the mean number of small business fallures per month is 12 , what is the probability that exactly 3 small businesses will fail during a given month? Assume that the probability of a fallure is the same for any two months and that the occurrence or nonoccurrence of a fallure in any month is independent of fallures in any other month. (Round your answer to four decimal places.)
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