Suppose the Light Bulbs in a Factory Burn Out at a Rate

question 347

Multiple Choice

Suppose the light bulbs in a factory burn out at a rate of 50 bulbs per month. Which of the following distributions would you use to determine the probability that the next two light bulbs
Will burn out 2 days apart?

• A) Hypergeometric distribution.
• B) Poisson distribution.
• C) Uniform distribution.
• D) Exponential distribution.

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Definitions:

Liabilities

Financial obligations or debts owed by an individual, business, or organization to others.

Highly Liquid Assets

Assets that can be easily and quickly converted into cash without significant loss in value, such as cash itself or treasury bills.

Large Withdrawals

Substantial amounts of money taken out from a bank account or investment, which can significantly impact the financial stability of the institution holding the funds.

Checking Deposits

Deposits held in bank accounts from which funds can be withdrawn without notice using checks, debit cards, or electronic transfers.