A state has a law requiring motorists to carry insurance. It was estimated that, despite this law, 6.0% of all motorists in the state are uninsured. A random sample of 100 motorists was taken. Use the Poisson approximation to the binomial distribution to estimate the probability that at least 3 of the motorists in this sample are uninsured. Also indicate what calculations would be needed to find this probability exactly if the Poisson approximation was not used.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
A state has a law requiring motorists to carry insurance. It was estimated that, despite this law, 6.0% of all motorists in the state are uninsured. A random sample of 100 motorists was taken. Use the Poisson approximation to the binomial distribution to estimate the
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