Find probability that exactly four small businesses fail, Basic Statistics

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Find probability that exactly four small businesses fail

A regional director responsible for business development in the state of pennsylvania is cocerned about the number of small business failures. If the mean of small businsses failures per month is 10, what is the probability that exactly four small businesses will fail during a given month? Assume that the probablity of a failure is any month is independent of failures in any other month.

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Basic Statistics: Find probability that exactly four small businesses fail

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Basic Statistics: Find probability that exactly four small businesses fail

Reference No:- TGS096236

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Find probability that exactly four small businesses fail

Reference No:- TGS096236

Recent Questions Asked Basic Statistics

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