Use the Poisson Distribution to Find the Indicated Probability $\lambda$ = 38 Find the Probability That in a Randomly Selected Year

question 156

Multiple Choice

Use the Poisson Distribution to find the indicated probability. Round to three decimal places when necessary.
-The number of lightning strikes in a year at the top of a particular mountain has a Poisson distribution with parameter $\lambda$ = 3.8. Find the probability that in a randomly selected year, the
Number of lightning strikes is

• A)5. 0.251
• B)0.192
• C)0.148
• D)0.004

---

Definitions:

Rate of Return

measures the gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Profit Generated

The total amount of financial gain made by a business after all expenses have been subtracted from total sales.

Controllable Margin

The portion of profit or margin over which management has control, often excluding fixed costs.

Average Assets

A financial metric calculated by taking the average of a company's total assets at the beginning and end of an accounting period, used to assess performance efficiency.