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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

Question 209

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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
It has been reported that 1.7% of the work force will retire this year.Consider a random sample of 200 workers.
-What is the probability that more than three of them will retire this year? Use the Poisson approximation to the binomial.

Correct Answer:

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n = 200,P = 0.017,λ = nP = 3.4...

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