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Determine the required probability by using the Poisson approximation to the binomial distribution. Round to threedecimal places.
-The probability that a car will have a flat tire while driving through a certain tunnel is 0.00004. Use the Poisson approximation to the binomial distribution to find the probability that among 11,000
Cars passing through this tunnel, at least one will have a flat tire.
Negotiations
The process by which two or more parties discuss and attempt to reach an agreement or resolution on a matter of mutual interest.
Concessions
Compromises made in negotiations where one party gives up certain demands or conditions.
Good Faith
Good Faith involves engaging in actions or negotiations with honesty, integrity, and sincerity without any intention to deceive or defraud.
Increasing Resources
The act of adding more resources such as time, money, or manpower to a project or work environment to enhance productivity or efficiency.
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