The Number of Road Construction Projects That Take Place at Any

question 46

Multiple Choice

The number of road construction projects that take place at any one time in a certain city follows a Poisson distribution with a mean of 4. Find the probability that exactly three road construction
Projects are currently taking place in this city.

• A)0.247261
• B)0.132766
• C)0.195367
• D)0.168031

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Definitions:

Global Markets

The international trading landscape where goods, services, currencies, and information are exchanged across national borders.

Globalization

The process of integration and interaction among people, companies, and governments worldwide, leading to the global exchange of products, ideas, and cultural practices.

Centre-Periphery Hierarchy

A social or organizational structure where power or importance is concentrated in the center, diminishing outward to the periphery.

Global Markets

Markets that transcend national borders, encompassing international trade, investment, and cooperation, facilitating the exchange of goods, services, and capital across the globe.