Tommy Webster obtained a 30-year, $110,000.00 mortgage loan from People's Savings. The interest rate is 7.5 percent. For the fir
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Answer:
Step-by-step explanation
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Answer:
a. P(X ≤ 5) = 0.999
b. P(X > λ+λ) = P(X > 2) = 0.080
Step-by-step explanation:
We model this randome variable with a Poisson distribution, with parameter λ=1.
We have to calculate, using this distribution, P(X ≤ 5).
The probability of k pipeline failures can be calculated with the following equation:
Then, we can calculate P(X ≤ 5) as:
The standard deviation of the Poisson deistribution is equal to its parameter λ=1, so the probability that X exceeds its mean value by more than one standard deviation (X>1+1=2) can be calculated as: