The Number of Accidents on a US -131 Highway Average

question 117

Essay

The number of accidents on a US -131 highway average 4.4 per year.Assuming that the number of accidents follows a Poisson distribution,what is the probability that there are more than three accidents next year on US - 131?

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Definitions:

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus liabilities.

Paid-In Capital

Paid-in capital is the amount of money that shareholders have directly invested in a company by purchasing shares during the initial offering or through secondary market transactions.

Par Value

The nominal or face value of a bond, share, or other financial instrument, as stated on the certificate or instrument.

Stockholders' Equity

The ownership interest of shareholders in a company, represented by the amount of capital contributed plus retained earnings minus liabilities.