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gnment: Exam 3 Homework Assignment Score: 9.50% Save Submit Assignment for Gradi

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Question

gnment: Exam 3 Homework Assignment Score: 9.50% Save Submit Assignment for Grading Question 3 of 10 Check My Work ions Exercise 05.71 Algorithmic 0 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 11.6, what is the probability that exactly four 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. Check My Work Icon Key Exercise 05.71 Algorithmic s Question 3 of 10 Save Submit Assignment for Grading

Explanation / Answer

gnment: Exam 3 Homework Assignment Score: 9.50% Save Submit Assignment for Grading Question 3 of 10 Check My Work ions Exercise 05.71 Algorithmic 0 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 11.6, what is the probability that exactly four 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. Check My Work Icon Key Exercise 05.71 Algorithmic s Question 3 of 10 Save Submit Assignment for Grading