Suppose the Probability of a Major Earthquake on a Given $\frac { 1 } { 10,000 }$

question 149

Multiple Choice

Suppose the probability of a major earthquake on a given day is 1 out of 10,000.What is the expected number of earthquakes in the next 2000 days?

• A) \(\frac { 1 } { 10,000 }\)
• B)5
• C)20
• D) \(\frac { 1 } { 2000 }\)
• E) \(\frac { 1 } { 5 }\)

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Definitions:

Outside Customers

Individuals or entities that purchase a company's goods or services but are not part of the company itself.

Transfer Price

The fee at which services and items are traded between different sections within the same firm.

Selling Division

A segment or branch of a company responsible for the sale of its products or services, often structured to focus on specific markets or product lines.

Outside Customers

Individuals or entities that purchase goods or services but are not part of the providing organization.