The Number of Rainy Days Per Month at Seattle Follows

question 189

Multiple Choice

The number of rainy days per month at Seattle follows a Poisson distribution with a mean value of 4.5 days.What is the probability that it will rain 3 days next month?

• A)0.3604
• B)0.2222
• C)0.1687
• D)0.2521

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Definitions:

TSX

The Toronto Stock Exchange, which is the largest stock exchange in Canada, trading Canadian securities.

Dealer Market

A financial market mechanism in which buyers and sellers execute transactions through dealers who buy and sell for their own accounts.

Over-the-counter

Financial transactions conducted directly between parties outside of formal exchanges.

Secondary Market

The secondary market is where investors buy and sell securities they already own, such as stocks and bonds, to other investors or traders, after the initial issuance in the primary market.