Determine the Required Probability by Using the Poisson Approximation to the Binomial

question 131

Multiple Choice

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 0.00005. Use the Poisson approximation to the binomial distribution to find the probability that among 8000 cars
Passing through this tunnel, at most two will have a flat tire.

• A)0.062
• B)0.054
• C)0.938
• D)0.992

Understand the concept of marketing specialization strategies.

Discuss the impact of marketing strategies on competitive positioning and marketing mix customization.

Understand the difference between diagnosis and assessment in the context of identifying mental disorders.

Recognize the challenges and factors affecting the reliability and validity of psychiatric diagnoses.

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Definitions:

Factory Machinery

Refers to the set of equipment and mechanical devices used in a manufacturing plant to produce goods.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, often used as a power source.

Factory Overhead

All indirect costs associated with manufacturing, apart from direct materials and direct labor costs.

Product Cost

The total cost associated with producing goods, including direct materials, direct labor, and manufacturing overhead.