The Department of Commerce in a Particular State Has Determined

question 126

Short Answer

The Department of Commerce in a particular state has determined that the number of small businesses that declare bankruptcy per month is approximately a Poisson distribution with a mean of 6.4. Find the probability that exactly 5 bankruptcies occur next month.

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Definitions:

Toned Muscles

Muscles that have a firm appearance, usually as a result of consistent physical exercise and adequate nutrition.

Aerobic Exercise

Physical activity that improves cardiovascular health by increasing the heart rate and oxygen consumption over a sustained period.

Mindfulness Training

A mental training practice that teaches individuals to be present in the moment and engage with their thoughts and feelings without judgment.

Relaxation

The state or process of becoming less tense or anxious, often achieved through practices like meditation, deep breathing, or yoga.