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A Local Bank Has Determined That the Number of Companies

Question 16

Multiple Choice

A local bank has determined that the number of companies listed in the area declaring bankruptcy follows an approximately a Poisson distribution with a mean of 2.6 per year.
-Find the probability that exactly 4 bankruptcies occur next year.


A) 8774
B) 1414
C) 1557
D) 2176
E) 2500

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