Use the Poisson Model to Approximate the Probability

question 30

Multiple Choice

Use the Poisson model to approximate the probability. Round your answer to four decimal places.
-Suppose the probability of a major earthquake on a given day is 1 out of 11,000. Use the Poisson distribution to approximate the probability that there will be at least one major earthquake in the next 2000 days.

• A) 0.1516
• B) 0.1662
• C) 0.8484
• D) 0.0147
• E) 0.8338

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Definitions:

Laissez-faire

A policy or attitude of letting things take their own course, without interfering, often referred to in economics to describe a free-market system with minimal government intervention.

Coercion

The practice of compelling someone to act in an involuntary manner by use of threats or force.

Conformity

Deep-seated, private and enduring change in behaviour and attitudes due to group pressure.

Correlates

Pertains to mutually related factors or variables that have a statistical relationship, indicating that when one changes, the other tends to change in a predictable manner.