Apologies for the bad handwriting.
Leo invests $2,000 loses money at a rate of 4%. How much is the investment worth in total at the end of 3 years? Round to the ne
1 answer:
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Answer:
(a) The probability of the event (<em>X</em> > 84) is 0.007.
(b) The probability of the event (<em>X</em> < 64) is 0.483.
Step-by-step explanation:
The random variable <em>X</em> follows a Poisson distribution with parameter <em>λ</em> = 64.
The probability mass function of a Poisson distribution is:
(a)
Compute the probability of the event (<em>X</em> > 84) as follows:
P (X > 84) = 1 - P (X ≤ 84)
Thus, the probability of the event (<em>X</em> > 84) is 0.007.
(b)
Compute the probability of the event (<em>X</em> < 64) as follows:
P (X < 64) = P (X = 0) + P (X = 1) + P (X = 2) + ... + P (X = 63)
Thus, the probability of the event (<em>X</em> < 64) is 0.483.