The number of accidents causing damages in an industrial setting are Poisson distributed with a mean rate of 3 accidents per year. If each accident costs the company 250,000 TL, what is the probability that the total annual accident cost will exceed 500,000 TL per year. Pr(Total Costs>500,000)=

Calculus For The Life Sciences
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ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
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The number of accidents causing damages in an industrial setting are Poisson distributed with a mean rate of 3
accidents per year. If each accident costs the company 250,000 TL, what is the probability that the total annual
accident cost will exceed 500,000 TL per year.
Pr(Total Costs>500,000)=
Transcribed Image Text:The number of accidents causing damages in an industrial setting are Poisson distributed with a mean rate of 3 accidents per year. If each accident costs the company 250,000 TL, what is the probability that the total annual accident cost will exceed 500,000 TL per year. Pr(Total Costs>500,000)=
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