Penny deposits $800 into a bank account for 5 years. If the account has a 6% yearly simple interest rate, what is the interest?
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Answer:
The probability that there will be a total of 7 defects on four units is 0.14.
Step-by-step explanation:
A Poisson distribution describes the probability distribution of number of success in a specified time interval.
The probability distribution function for a Poisson distribution is:
Let <em>X</em> = number of defects in a unit produced.
It is provided that there are, on average, 2 defects per unit produced.
Then in 4 units the number of defects is, .
Compute the probability of exactly 7 defects in 4 units as follows:
Thus, the probability of exactly 7 defects in 4 units is 0.14.