Suppose the Probability of a Power Outage at a Nuclear

question 136

Multiple Choice

Suppose the probability of a power outage at a nuclear power plant on a single day is the same every day of the year. Also the probability of having a power outage on a single day does not increase or decrease the probability of a power outage on another day. Which of the following distributions would you use to determine the probability that a power outage will occur next Monday?

• A) binomial distribution
• B) Poisson distribution
• C) both of the above
• D) none of the above

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Definitions:

Payroll Bank Account

A separate bank account used by businesses specifically for processing payroll transactions, ensuring that funds are available for employee wages and related taxes.

Advance Ticket Sales

Revenue generated from the sale of tickets before the event or service is actually provided.

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed.

Long-Term Liabilities

Financial obligations of a business that are due for repayment in more than one year, such as bonds payable or long-term loans.