A bank received on average 7 bad cheques per day. What is the probability that the bank will receive 3 bad cheques on any given day? Hint: Use Poisson distribution

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
Problem 23CR
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A bank received on average 7 bad cheques per
day. What is the probability that the bank will
receive 3 bad cheques on any given day?
Hint: Use Poisson distribution
Transcribed Image Text:A bank received on average 7 bad cheques per day. What is the probability that the bank will receive 3 bad cheques on any given day? Hint: Use Poisson distribution
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