Examlex

Solved

A Certain Rare Form of Cancer Occurs in 37 Children

question 6

Multiple Choice

A certain rare form of cancer occurs in 37 children in a million, so its probability is 0.000037. In the city of Normalville there are 74,090 children. A Poisson distribution will be used to
Approximate the probability that the number of cases of the disease in Normalville children is
More than 2. Find the mean of the appropriate Poisson distribution (the mean number of cases
In groups of 74,090 children) .


Definitions:

Write-Off

The accounting action of declaring that an asset, typically accounts receivable, is uncollectible and removing its value from the books.

Estimated Bad Debts

A provision for accounts receivable that are not expected to be collected.

Net Income

The total earnings of a company after deducting all expenses, taxes, and costs from its total revenues, indicating the company's profitability.

Liabilities

Financial obligations or debts that a company owes to others, due to past transactions or events.

Related Questions