Reference no: EM132856393

Suppose that the probability of a person getting a certain rare disease is 0.0007. Consider a town of 10,000 people. You want to know the probability of seeing more than 2 new cases in a year. Which model would you use to find this probability as close to exact probability as possible? Give the name of the model, the value(s) of its parameter(s). Do NOT compute the probability. If you wanted to approximate the probability you would get from the above model by using another model, which model would you use? Give the name of the model, the value(s) of its parameter(s) and use this model to compute the approximate probability.