Assume That the Number of Pieces of Junk Mail Per

question 65

Multiple Choice

Assume that the number of pieces of junk mail per day that a person receives in their mail box follows the Poisson distribution and averages 4.3 pieces per day. What is the probability that this person will receive exactly four pieces of junk mail over the next two days?

• A)0.1812
• B)0.2355
• C)0.2924
• D)0.1271

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Definitions:

Fraudulent Alteration

The unauthorized modification of a document with the intention to deceive for personal gain or to harm another party.

Liabilities

Financial or legal obligations that an entity is required to pay or resolve in the future.

Promissory Note

A written promise to pay a specified sum of money to a designated party on demand or at a fixed or determinable future time.

Fictitious-Payee Rule

A legal principle that protects banks from liability when funds are withdrawn by a person not entitled to them, if the drawer's negligence contributed to the forgery.