Examlex

Solved

The Poisson Distribution Is Being Used to Approximate a Binomial

question 1

Multiple Choice

The Poisson distribution is being used to approximate a binomial distribution.If n=40 and p=0.06, what value of lambda would be used?


Definitions:

Capital Expenditures

Capital employed by a business to buy or enhance tangible assets like land, factories, or machinery to boost long-term business activities.

Period of Ownership

The duration for which an asset is owned by an individual or entity, affecting capital gains for tax purposes.

Estimated Useful Life

The expected timeframe during which an asset is likely to be functional and useful for its intended purpose before it becomes obsolete.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear, or obsolescence.

Related Questions