Use the Poisson Distribution to Find the Indicated Probability

question 92

Multiple Choice

Use the Poisson Distribution to find the indicated probability.
-The number of calls received by a car towing service averages 19.2 per day (per 24-hour period) . After finding the mean number of calls per hour, find the probability that in a randomly selected hour the number of calls is
2)

• A) 0.15816
• B) 0.17973
• C) 0.14379
• D) 0.11503

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Definitions:

Financial Assets

Assets that derive value because they represent a claim on future cash flows or other financial benefits, such as stocks, bonds, or bank deposits.

Mutual Fund

An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels, such as corporate income and then again as shareholder dividends.

Corporate Form

A legal structure for organizations that allows them to operate as separate legal entities from their owners, with the ability to hold assets, sue, and be sued.