THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 204

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,an RV sales lot sells six RVs per month.Assume the number of sales of RVs per month follows the Poisson distribution.
-What is the probability that more than three RVs are sold next month?

• A)0.8488
• B)0.7350
• C)0.9826
• D)0.7149

---

Definitions:

Specialized Tools

These are tools designed for specific tasks or industries, often enhancing efficiency or effectiveness in particular jobs or processes.

Transaction Cost

The expenses incurred when buying or selling goods or services, which may include fees, taxes, and other charges.

Contracts

Legally binding agreements between two or more parties.

Judicial System

The network of courts and tribunals responsible for interpreting and applying the law in legal cases.