The Securities and Exchange Commission Has Determined That the Number

question 35

Multiple Choice

The Securities and Exchange Commission has determined that the number of companies listed on the NYSE declaring bankruptcy is approximately a Poisson distribution with a mean of 2.6 per month.Find the probability that exactly 4 bankruptcies occur next month.

• A) .8774
• B) .1414
• C) .1557
• D) .2176

---

Definitions:

Going to Work

The act of performing duties or activities for employment or occupation, usually outside the home.

Managing Personal Finances

The practice of budgeting, saving, investing, spending, and overseeing the financial resources of an individual or family.

ADLs

Activities of Daily Living; routine activities people do every day without needing assistance, including eating, bathing, dressing, toileting, walking, and continence.

IADLs

Instrumental Activities of Daily Living; tasks required for independent living, such as managing finances, transportation, meal preparation, and housekeeping.