Solution-It is known that the number of business failure in

Assignment Help Basic Statistics

Question: It is known that the number of business failure in USA per hour is distributed as Poisson with mean µ= 8.

(i) Find the probability that exactly four businesses will fail in any given hour.

(ii) Find the probability that at least four businesses will fail in any given hour

(iii) Find the probability that more than four businesses will fail in any given hour.

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