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1. On average, people born in the years 1957 to 1964 held an average of twelve jobs from ages 18 to 52'. Estimate the probability that you will hold exactly three jobs in your life. Round to four decimal points. Hint: Model it as a Poisson variable.

1. On average, people born in the years 1957 to 1964 held an average of twelve jobs from ages 18 to 52'. Estimate the probability that you will hold exactly three jobs in your life. Round to four decimal points. Hint: Model it as a Poisson variable.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Exercise 4. Modeling. 1. On average, people born in the years 1957 to 1964 held an average of twelve jobs from ages 18 to 52'. Estimate the probability that you will hold exactly three jobs in your life. Round to four decimal points. Hint: Model it as a Poisson variable. 2. On average, people switched jobs every three years. Suppose you have held your current job for two years. What is the probability that you switch jobs in the next three years? Round to four decimal points. Hint: Model it as an exponential variable.
Transcribed Image Text:Exercise 4. Modeling. 1. On average, people born in the years 1957 to 1964 held an average of twelve jobs from ages 18 to 52'. Estimate the probability that you will hold exactly three jobs in your life. Round to four decimal points. Hint: Model it as a Poisson variable. 2. On average, people switched jobs every three years. Suppose you have held your current job for two years. What is the probability that you switch jobs in the next three years? Round to four decimal points. Hint: Model it as an exponential variable.
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