The Securities and Exchange Commission Has Determined That the Number

question 65

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 no more than one bankruptcy occurs next month.

• A) .1931
• B) .9257
• C) .7326
• D) .0742
• E) .2674

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Definitions:

Natural Justice

The principle of fairness in all legal and administrative decisions, ensuring processes are conducted without bias.

Fair Hearing

A judicial or quasi-judicial procedure ensuring an unbiased tribunal, notice, an opportunity to be heard, and the right to present and refute evidence.

Harassment

Occurs when a member of an organization treats an employee in a disparate manner because of that person’s sex, race, religion, age, or other protected classification.

Verbal Abuse

The use of words to cause harm to the person being spoken to, including insults, threats, or excessively harsh criticisms.