A bank received on average 8 bad cheques per day. What is the probability that the bank will receive 4 bad cheques on any given day. Hint: Use poisson distribution

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section: Chapter Questions
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A bank received on average 8 bad cheques per day. What is the probability that the
bank will receive 4 bad cheques on any given day.
Hint: Use poisson distribution
Transcribed Image Text:A bank received on average 8 bad cheques per day. What is the probability that the bank will receive 4 bad cheques on any given day. Hint: Use poisson distribution
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