As a Rule of Thumb, the Poisson Distribution Can Be

question 17

True/False

As a rule of thumb, the Poisson distribution can be used to approximate a binomial distribution when n ≥ 20 and π ≤ .05.

---

Definitions:

Usury

The lending of money at an exorbitant or unlawful rate of interest.

Legal Maximum

The highest limit set by law for rates, prices, or fees. In various contexts, it may cap interest rates, rent increases, or other charges.

Procedural Unconscionability

Unconscionability that derives from the process of making a contract.

Excessive Legalese

The use of overly complex and technical legal language that can be confusing and hard to understand for non-experts.