The number of bad checks that a bank receives duringa 5-hour business day is a Poisson random variable withλ = 2. What is the probability that it will not receive a badcheck on any one day during the first 2 hours of business?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The number of bad checks that a bank receives during
a 5-hour business day is a Poisson random variable with
λ = 2. What is the probability that it will not receive a bad
check on any one day during the first 2 hours of business?
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