Poisson Distribution One Half of One Percent of the Checks Received by Received

question 29

Short Answer

Poisson Distribution
One half of one percent of the checks received by an oil company are returned due to insufficient funds.Yesterday 500 checks were received in the mail.Let x equal the number of these checks which will be returned due to insufficient funds.
-Use the Poisson distribution to compute the binomial probability that none of the checks are returned.

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Definitions:

Proposition Not-p

A logical representation denoting the negation of a proposition p, effectively stating that p is not true.

Whales

Large aquatic mammals belonging to the order Cetacea, which includes various species such as the blue whale and the humpback whale.

Mammals

A class of warm-blooded vertebrate animals that have, in the female, milk-secreting organs for feeding the young.

Compound Proposition

A statement formed by combining two or more propositions using logical connectives such as "and," "or," "if...then."