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The Securities and Exchange Commission Has Determined That the Number

Question 7

Multiple Choice

The Securities and Exchange Commission has determined that the number of companies listed on the NYSE declaring bankruptcy is approximately a Poisson distribution with a mean of 2.6 per month.Find the probability that no more than one bankruptcy occurs next month.


A) .1931
B) .9257
C) .7326
D) .4816
E) .2674

Correct Answer:

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