Use the Poisson Distribution to Approximate the Binomial Probability P(x

question 11

Multiple Choice

Use the Poisson distribution to approximate the binomial probability P(x = 2) when n = 200, p = .03.

• A).0201
• B).0838
• C).0446
• D).1098
• E).1286

---

Definitions:

Management Fee Revenue

Income earned by an entity for providing managerial services or advice to other companies.

Supplying Service

The act of providing a service to customers, clients, or inside an organization as opposed to delivering a tangible product.

Cost

The amount of money or resources expended to acquire an asset, service, or achieve a specific objective.

Cash

Money in the form of currency, which includes bills and coins, that can be used to purchase goods and services.