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August 28, 2015

Homework Help: statistics

Posted by Michael on Friday, September 30, 2011 at 6:58pm.

A state has averaged one small business failure per week over the past several years. Let x denote the number of small business failures in the next eight weeks. Use the Poisson distribution to find P(x 17) if the mean number of small business failures remains what it has been. If x actually turns out to be 17, what does this imply?

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