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Mean number of bankruptcies filed per minute

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Reference no: EM131070041

Consider this problem and walk us through the solution, first stating which distribution it is an example of?

Problem: The mean number of bankruptcies filed per minute in the United States in a recent year was about two. Find the probability that exactly five businesses will file bankruptcy in any given minute.

Reference no: EM131070041

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Mean number of bankruptcies filed per minute : The mean number of bankruptcies filed per minute in the United States in a recent year was about two. Find the probability that exactly five businesses will file bankruptcy in any given minute.
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