Assume That the Number of Pieces of Junk Mail Per

question 21

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 more than two pieces of junk mail tomorrow?

• A)0.8026
• B)0.5062
• C)0.6656
• D)0.4298

---

Definitions:

Net Present Value

A method used in capital budgeting to analyze the profitability of an investment, calculating the difference between present values of cash inflows and outflows.

Proposed Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Net Present Value

The divergence in current value of cash inflows versus outflows over an established time frame.

Net Present Value

A method used to evaluate the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period.