THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 4

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,there are 3.2 defects in a sheet of rolled steel.Assume that the number of defects follows a Poisson distribution.
-What is the probability of having more than three defects in a roll?

• A)0.354
• B)0.398
• C)0.412
• D)0.621

---

Definitions:

Anti-Recession Policies

Government measures intended to combat economic downturns, involving fiscal and monetary actions to stimulate the economy.

Equation of Exchange

An economic equation that describes the relationship between the money supply, velocity of money, price level, and an economy's output.

GDP Rise

An increase in the Gross Domestic Product, indicating growth in the economy and the production of goods and services.

Velocity

In economic terms, the rate at which money is exchanged from one transaction to another and how much a unit of currency is used in a given period.