The number of serious accidents in a manufacturing plant has (approximately) a Poisson probability distribution with a
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a. If an accident occurs today, what is the probability that the next serious accident will not occur within the next month?
b. What is the probability that more than one serious accident will occur within the next month?
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...
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