Question
I understand why the original lambda was divided by 2, but not sure why did we need to subtract 1 from the formula to determine
I understand why the original lambda was divided by 2, but not sure why did we need to subtract 1 from the formula to determine the probability that there will be one failure within 6 months? Please see the attached photo.
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Accounting Information Systems
Authors: Jr Ulric J Gelinas, Ulric J Gelinas, Richard B Dull
8th Edition
0324663803, 9780324663808
