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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?
Japanese Yen
The official currency of Japan, often denoted by the symbol ¥, and widely used in international finance transactions.
U.S. Dollar
The currency unit of the United States, widely used as a global reserve currency.
Market for Euros
The foreign exchange market where Euros are traded for other currencies, influenced by factors such as interest rates, economic stability, and trade balances.
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