In One Town, the Number of Burglaries in a Week

question 57

Multiple Choice

In one town, the number of burglaries in a week has a Poisson distribution with a mean of 1.9 burglaries. Find the probability that in a randomly selected week the number of burglaries is
At least three. Use the Poisson Distribution to find the indicated probability.

• A)0.1710
• B)0.1253
• C)0.8290
• D)0.7037
• E)0.2963

Recognize the importance of values-based hiring and succession planning in achieving long-term organizational goals.

Understand the various methods and tools used for forecasting the demand and supply of labor.

Recognize the importance and components of SWOT analysis in HR planning.

Identify the critical role of strategic human resource management (SHRM) in aligning HR practices with overall business strategy.

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Definitions:

Cash Inflows

Cash inflows refer to the money received by a business from various sources, including sales revenues, investment income, and financing.

IRR

The Internal Rate of Return, a financial metric used to estimate the profitability of investments by calculating the interest rate at which the net present value of all cash flows (both positive and negative) from a project equal zero.

Investment

Allocating resources, usually money, with the expectation of generating an income or profit.

Cash Flows

The total amount of money being transferred in and out of a business, particularly in relation to liquidity.