statistics
posted by Michael .
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 ¡Ý 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?
Respond to this Question
Similar Questions

stastics
a car dealer estimates that they sell two cars on average per week. they only have space in their showroom for 4 cars. if stock replacement cannot take place within a week, what is the probability assuming that weekly car sales follow … 
business
Congratulations! You have decided to start a new business! You will begin a partnership with one other business associate that you trust and have known for several years. You plan to hire three managers and another twenty employees. … 
statistics
A telephone company's goal is to have no more than five monthly line failures on any 150 miles of line. The company currently experiences an average of 3 monthly line failures per 75 miles of line. Let x denote the number of monthly … 
statistics
A telephone company's goal is to have no more than four monthly line failures on any 50 miles of line. The company currently experiences an average of 4 monthly line failures per 25 miles of line. Let x denote the number of monthly … 
math
A telephone company's goal is to have no more than 4 monthly line failures on any 100 miles of line. The company currently experiences an average of 5 monthly line failures per 50 miles of line. Let x denote the number of monthly line … 
Statistics
A telephone company's goal is to have no more than 4 monthly line failures on any 100 miles of line. The company currently experiences an average of 5 monthly line failures per 50 miles of line. Let x denote the number of monthly line … 
math
If a power failures occur according to a poisson distribution with an average of 3 failures every twenty weeks,calculate the probability that there will not be more than one failure during a particular week. 
statistics
15. A financial consultant conducts seminars with each seminar limited to 20 attendees. Because of the small size of the seminar, and the personal attention each person receives, a large number of attendees are expected to become clients. … 
statistics of business
A telephone company’s goal is to have no more than six monthly line failures on any 100 kilometres of line. The company currently experiences an average of three monthly line failures per 50 kilometres of line. Let x denote the number … 
help stats
Use the Poisson Distribution to find the indicated probability. A computer salesman averages 0.9 sales per week. Use the Poisson distribution to find the probability that in a randomly selected week the number of computers sold is …