Mathematics, 25.01.2021 20:30 bgallman153p71edg
Use the fact that the variance of a Poisson distribution is σ2=μ. The mean number of bankruptcies filed per hour by businesses in a country was about five. (a) Find the variance and the standard deviation. Interpret the results. (b) Find the probability that at most three businesses will file bankruptcy in any given hour.
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Use the fact that the variance of a Poisson distribution is σ2=μ. The mean number of bankruptcies fi...
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