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

question 32

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 one or more checks are returned.

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Definitions:

Commercial Uses

Applications or purposes of a product, substance, or technology in various industries for profit generation and consumer needs fulfillment.

Intermolecular Force

Forces of attraction or repulsion which act between neighboring particles (atoms, molecules, or ions).

Alkane Molecules

Compounds made up of only hydrogen and carbon atoms arranged in a tree structure with single bonds.

Commercial Products

Items offered for sale or use that have been manufactured or developed through industrial processes.