Use the Poisson Distribution to Find the Indicated Probability $\mu = 0.693$

question 138

Multiple Choice

Use the Poisson Distribution to find the indicated probability.
-If the random variable x has a Poisson Distribution with mean $\mu = 0.693$ find the probability that x = 4.

• A) 0.00481
• B) 0.00601
• C) 0.01922
• D) 0.00016

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Definitions:

Project Portfolio Management

A method used by organizations to prioritize and manage a collection of projects or programs to achieve strategic objectives and maximize value.

Document Management

The process of handling documents in a way that ensures their accessibility, reliability, and security throughout their lifecycle, especially important in project management for maintaining records and compliance.

Vendor Schedule

A comprehensive timetable provided by a vendor detailing when specific goods or services will be delivered or completed.

Lag Times

The delay between a predecessor activity and its successor in a project schedule, affecting the start or finish of subsequent activities.