The Department of Commerce in a State Has Determined That

question 188

Short Answer

The Department of Commerce in a 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:

Easement by Prior Use

A right that is automatically granted for the continued use of a portion of property because it was visibly and continuously used prior to the division of the property.

Implication

A conclusion that can be drawn from something, although it is not explicitly stated.

Prescription

Legal acquisition of rights through the continuous and habitual exercise of those rights over a lengthy period.

Reservation

The act of keeping something, such as a right or property, specifically withheld or protected from being given up or used.