You purchased three different stocks. The purchase prices were 6 3/8 dollars, 11 3/8 dollars and 13 5/8 dollars. Convert the fra
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In this question, the Poisson distribution is used.
Poisson distribution:
In a Poisson distribution, the probability that X represents the number of successes of a random variable is given by the following formula:
In which
x is the number of sucesses
e = 2.71828 is the Euler number
is the mean in the given interval.
Parameter of 5.2 per square yard:
This means that , in which r is the radius.
How large should the radius R of a circular sampling region be taken so that the probability of finding at least one in the region equals 0.99?
We want:
Thus:
We have that:
Then
Thus, the radius should be of at least 0.89.
Another example of a Poisson distribution is found at brainly.com/question/24098004