The Securities and Exchange Commission Has Determined That the Number

question 52

Multiple Choice

The Securities and Exchange Commission has determined that the number of companies listed in 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

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Definitions:

Congress

The bicameral legislature of the United States government, comprised of the House of Representatives and the Senate, responsible for making federal laws.

Slave Trade Ban

Legislation or measures implemented to prohibit the trade of enslaved individuals, such as the British Slave Trade Act of 1807 and the United States Act Prohibiting Importation of Slaves in 1808.

British Impressments

The practice employed by the British Royal Navy of forcibly enlisting men into military service, often involving the capture of sailors from American ships in the late 18th and early 19th centuries.