A Statistics Professor Finds That When He Schedules an Office

question 91

Multiple Choice

A statistics professor finds that when he schedules an office hour at the 10:30 a.m. time slot, an average of three students arrives. Use the Poisson distribution to find the probability that in a randomly selected office hour no
Students will arrive.

• A)0.0498
• B)0.1225
• C)0.1108
• D)0.0743

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Definitions:

Bankruptcy

A legal process wherein individuals or entities that are unable to repay their debts can seek relief from some or all of their financial obligations.

Debts

Money owed by one party to another under an agreement that repayment will occur at a later date.

Bankrupt Discharged

Refers to the legal status whereby an individual or entity, previously declared bankrupt, has been officially released from most, if not all, debt obligations by a court.

Creditor

An entity or person to whom money is owed by a debtor.