Assume that we want to find the probability of getting at least one win when playing the

Question:

Assume that we want to find the probability of getting at least one win when playing the Texas Pick 3 lottery 50 times. For one bet, there is a 1>1000 probability of winning. If we want to use the Poisson as an approximation to the binomial, are the requirements satisfied? Why or why not?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...