Question: To illustrate how well the Poisson probability distribution approximates the binomial probability distribution, calculate the Poisson approximate values for p(0) and p(1) for a binomial

To illustrate how well the Poisson probability approximates the binomial probability calculate the Poisson approximate values for p(0) and p(1) for a binomial probability with n = 25 and p = .05. Compare the answers with the exact values obtained from Table 1 in Appendix I.

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