Question
If electricity power failures occur in a particular industry according to Poisson distribution with an average of 15 failures every week, calculate the probability that
If electricity power failures occur in a particular industry according to Poisson distribution with an average of 15 failures every week, calculate the probability that there will not be more than 2 failures during in two weeks’ time.
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
