Use the Poisson Model to Approximate the Probability

question 90

Multiple Choice

Use the Poisson model to approximate the probability. Round your answer to four decimal places.
-The probability that a car will have a flat tire while driving through a certain tunnel is 0.00005. Use the Poisson distribution to approximate the probability that among 14,000 cars passing through this tunnel, exactly two will
Have a flat tire.

• A) 0.8783
• B) 0.1703
• C) 0.1217
• D) 0.1947
• E) 0.1460

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Definitions:

Presenter's Warranties

Guarantees made by the presenter of a negotiable instrument, such as a check, regarding its legitimacy and their authority to present it.

Implied Warranties

Legal guarantees assumed in a transaction, suggesting that a product will meet certain standards even if not explicitly stated.

Discharged From Liability

A situation or legal process wherein an individual or entity is released from a responsibility, duty, or debt, absolving them from further obligations.

Present For Payment

The act of making a financial instrument, like a check or promissory note, available to the person obligated to pay on or by its due date.