what is the probability that exactly 3 small businesses will fail during a given month (
what is the probability that exactly 3 small businesses will fail during a given month (
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 4ECP: Show that the probability of drawing a club at random from a standard deck of 52 playing cards is...
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A regional director responsible for business development in the state of Pennsylvania is concerned about the number of small business failures. If the mean number of small business failures per month is 8.7 , what is the
f(3) = _____
![A regional director responsible for business development in the state of Pennsylvania is concerned about the number of small business failures.
If the mean number of small business failures per month is 8.7, what is the probability that exactly 3 small businesses will fail during a given
month (to 4 decimals)? Assume that the probability of a failure is the same for any two months and that the occurrence or nonoccurrence of a
failure in any month is independent of failures in any other month.
f(3) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F04aec297-acaf-4279-a5a3-fe55a31615d4%2F5384217a-dc31-40fa-a1dd-bc678281a44a%2F91ybhgj_processed.png&w=3840&q=75)
Transcribed Image Text:A regional director responsible for business development in the state of Pennsylvania is concerned about the number of small business failures.
If the mean number of small business failures per month is 8.7, what is the probability that exactly 3 small businesses will fail during a given
month (to 4 decimals)? Assume that the probability of a failure is the same for any two months and that the occurrence or nonoccurrence of a
failure in any month is independent of failures in any other month.
f(3) =
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