The Securities and Exchange Commission Has Determined That the Number

question 139

Multiple Choice

The Securities and Exchange Commission has determined that the number of companies listed on the NYSE declaring bankruptcy is approximately a Poisson distribution with a mean of 2.6 per month. Find the probability that more than 1 bankruptcy occurs next month.

• A) .1931
• B) .9257
• C) .7326
• D) .4816
• E) .2674

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Definitions:

Current

Pertaining to the present time or most recent.

Lamp Shades

Covers used to diffuse the light from a lamp, often decorative and used to control the lighting ambiance of a room.

Exchange

A process by which two parties come to a mutual agreement to trade goods, services, or information.

Store

A retail establishment where goods and services are sold to consumers.