Answer:
Step-by-step explanation:
Answer:
The correct answer is:
Poisson (A.)
Step-by-step explanation:
A Poisson distribution is used to model the number of events occurring within a given time interval, when the average number of times that the event occurs within the time interval is given.
Lambda ( λ ) is a rate parameter in Poisson's distribution, and it is used to represent "event/time", and it simply represents <em>the expected number of events in the interval.</em>
Answer: x = -1, -13
Step-by-step explanation:
If Mike is willing to pay no more than an effective rate of 8.000% annually, the loans that meet his criteria are loan X and loan Z. Of those two, the lowest would be loan X. I hope the answer will help you :)