Suppose the Number of Babies Born Each Hour at a Hospital

question 20

Multiple Choice

Suppose the number of babies born each hour at a hospital follows a Poisson distribution with a mean of 5. Find the probability that exactly six babies will be born during a particular 1-hour period at this hospital.

• A) 0.146223
• B) 0.000044
• C) 0.018278
• D) 0.000031

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Definitions:

Retained Earnings

Profits that a company has decided to re-invest in the business instead of paying out to shareholders as dividends.

Liquidating Dividend

A type of dividend paid by a company to its shareholders from its capital rather than its earnings, typically during the partial or full liquidation of the company.

Dividend

A portion of a company's earnings that is paid to shareholders, typically on a quarterly basis.