THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 236

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,you receive 2.6 pieces of junk mail a day.Assume that the number of pieces of junk mail you receive each day follows the Poisson distribution.
-What is the probability that you receive exactly three pieces of junk mail today?

• A)0.198
• B)0.233
• C)0.218
• D)0.176

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Definitions:

Domestic Price

The cost of goods, services, or commodities within a country's borders, unaffected by international tariffs or duties.

Tariff Revenue

The income generated by a government from imposing taxes on imported and exported goods.

Domestic Price

The price of goods or services within a country, distinct from international or export prices.

Free Trade

An economic policy that allows goods and services to be bought and sold across international borders with minimal or no government tariffs, quotas, subsidies, or prohibitions to inhibit their exchange.