Cynthia's Mail Order Company provides free examination of its products for 7 days. If not completely satisfied, a customer can return the product within that period and get a full re- fund. According to past records of the company, an average of 2 of every 10 products sold by this company are returned for a refund. Using the Poisson probability distribution formula, find the probability that exactly 6 of the 40 products sold by this company on a given day will be returned for a refund.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Cynthia's Mail Order Company provides free examination of its products for 7 days. If not
completely satisfied, a customer can return the product within that period and get a full re-
fund. According to past records of the company, an average of 2 of every 10 products sold by
this company are returned for a refund. Using the Poisson probability distribution formula,
find the probability that exactly 6 of the 40 products sold by this company on a given day will
be returned for a refund.
Transcribed Image Text:Cynthia's Mail Order Company provides free examination of its products for 7 days. If not completely satisfied, a customer can return the product within that period and get a full re- fund. According to past records of the company, an average of 2 of every 10 products sold by this company are returned for a refund. Using the Poisson probability distribution formula, find the probability that exactly 6 of the 40 products sold by this company on a given day will be returned for a refund.
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