October 23, 2016

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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