The Poisson Distribution Can Be Used to Approximate the Binomial

question 105

Multiple Choice

The Poisson distribution can be used to approximate the binomial probabilities when the number of trials n is large and at the same time the probability P is:

• A)also large.
• B)one.
• C)small.
• D)equal to λ.

Understand the concept and calculate the contribution margin.

Understand and conduct a basic break-even analysis.

Identify and interpret a break-even chart.

Calculate break-even point in units and revenue.

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