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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 51

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
Suppose you know that the number of complaints coming into a phone center averages 4.2 every ten minutes.Assume that the number of calls follows the Poisson distribution.
-In a box of 16 chocolates,there are four chocolates with coconut filling.What is the probability of choosing four chocolates,none of which have coconut fillings?


Definitions:

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a percentage of the mean.

Real Options

Real options are a type of financial option that deals with tangible assets, providing the right but not the obligation to undertake certain business decisions, like expanding or discontinuing a project.

Global Financial Crisis

A worldwide period of economic difficulty experienced by markets and consumers. A significant financial downturn that began in 2007-2008.

Federal Deficits

The amount by which a government's expenditures exceed its tax revenues over a specified fiscal period at the federal level.

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