Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 3 [16 points (4 pts each)]: Poisson Distribution Let's estimate the average rate at which companies have large data breaches to be once every

image text in transcribed
Problem 3 [16 points (4 pts each)]: Poisson Distribution Let's estimate the average rate at which companies have large data breaches to be once every ten years. (We'll simply refer to this as \"being hacked\" henceforth.) We'll further assume that the distribution on the number of large breaches is Poisson; being hacked once is no protection against further hacks. i Calculate the likelihood that a company is hacked exactly once in a particular year. (Hint: The expected number of hacks is a fractiOn.) You can round to two decimal places. ii Calculate the likelihood that a company is not hacked at all in a particular year. (Note that O! = 1.) Again, you can round to two decimal places. iii Using your previous results, calculate the likelihood that a company is hacked two or more times in a particular year. (Hint: A company must fall in this category if it doesn't fall in the rst two.) iv Given that there are 5.6 million companies in the United States, use linearity of expectation to nd the expected number of US. companies hacked at least twice in a year. You can estimate to the nearest thousand, using your previous calculatiOns

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Analysis On Intervals

Authors: A D R Choudary, Constantin P Niculescu

1st Edition

8132221486, 9788132221487

More Books

Students also viewed these Mathematics questions

Question

What is noncontrolling interest?

Answered: 1 week ago

Question

What are the functions of top management?

Answered: 1 week ago

Question

Bring out the limitations of planning.

Answered: 1 week ago

Question

Why should a business be socially responsible?

Answered: 1 week ago

Question

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago