Unsafe Levels of Radioactivity

question 274

Short Answer

Unsafe Levels of Radioactivity
The number of incidents at a nuclear power plant has a Poisson distribution with a mean of 6 incidents per year. ​ ​
-{Unsafe Levels of Radioactivity Narrative} Find the probability that there will be exactly 3 incidents in a year.

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Definitions:

Collection Time

The average period that a company takes to collect cash from its credit sales.

Cheques

A document that is written, dated, and signed, which gives an absolute command to a bank to pay a specific amount of money to the recipient.

Bank Clearing Time

The process and time required for checks and other transactions to be processed through a bank or clearinghouse and the funds to become available.