Use the Poisson Distribution to Find the Indicated Probability

question 5

Multiple Choice

Use the Poisson Distribution to find the indicated probability. Round to three decimal places when necessary.
-For a certain type of fabric, the average number of defects in each square foot of fabric is 0.2. Find the probability that a randomly selected square foot of the fabric will contain more than one defect.

• A)0.016
• B)0.836
• C)0.982
• D)0.018

Recognize the standards banks must observe, such as ordinary care and good faith, in their operations.

Comprehend the legal responsibilities and rights of banks in cases of stop-payment orders and negligence claims.

Grasp the implications of the Check 21 Act for banks and customers, including the handling of electronic checks.

Identify legal principles and bank policies on the handling of checks and stop-payment orders as illustrated through case law.

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Definitions:

Well-Sorted Sandstone

Sandstone comprised of grains that are uniform in size, indicating a specific and consistent energy environment during deposition.

Dark Porous

Referring to rocks that have a dark color and contain numerous small holes or pores.

Lichens

Symbiotic organisms made up of a fungus and either an algae or a cyanobacteria, living together and often found on rocks, trees, and soil.

Oxalic Acid

A strong organic acid found in many plants and vegetables, commonly used as a cleaning agent and rust remover.