×
Log in to StudySoup
Get Full Access to Statistics - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Statistics - Textbook Survival Guide

Poission Approximation to Binomial Assume that we want to

Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola ISBN: 9780321836960 18

Solution for problem 3BSC Chapter 5.5

Elementary Statistics | 12th Edition

  • Textbook Solutions
  • 2901 Step-by-step solutions solved by professors and subject experts
  • Get 24/7 help from StudySoup virtual teaching assistants
Elementary Statistics | 12th Edition | ISBN: 9780321836960 | Authors: Mario F. Triola

Elementary Statistics | 12th Edition

4 5 1 240 Reviews
26
0
Problem 3BSC

Poission Approximation to Binomial Assume that we want to find the probability of getting at least one win when playing the Texas Pick 3 lottery 50 times. For one bet, there is a 1 /1000 probability of winning. If we want to use the Poisson distribution as an approximation to the binomial, are the requirements satisfied? Why or why not?

Step-by-Step Solution:
Step 1 of 3

Problem 3BSC

Answer:

Step1 of 2:

We have Assume that we want to find the probability of getting at least one win when playing the Texas Pick 3 lottery 50 times. For one bet, there is a 1 /1000 probability of winning.we need to verified whether the requirements of Poisson distribution as an approximation to the binomial are satisfied.

The requirements of Poisson distribution as an approximation to the binomial  are :

1).p 0.05

2).n20...

Step 2 of 3

Chapter 5.5, Problem 3BSC is Solved
Step 3 of 3

Textbook: Elementary Statistics
Edition: 12
Author: Mario F. Triola
ISBN: 9780321836960

Since the solution to 3BSC from 5.5 chapter was answered, more than 338 students have viewed the full step-by-step answer. The answer to “Poission Approximation to Binomial Assume that we want to find the probability of getting at least one win when playing the Texas Pick 3 lottery 50 times. For one bet, there is a 1 /1000 probability of winning. If we want to use the Poisson distribution as an approximation to the binomial, are the requirements satisfied? Why or why not?” is broken down into a number of easy to follow steps, and 60 words. Elementary Statistics was written by and is associated to the ISBN: 9780321836960. This full solution covers the following key subjects: Approximation, Want, Probability, binomial, Poisson. This expansive textbook survival guide covers 121 chapters, and 3629 solutions. This textbook survival guide was created for the textbook: Elementary Statistics, edition: 12. The full step-by-step solution to problem: 3BSC from chapter: 5.5 was answered by , our top Statistics solution expert on 03/15/17, 10:30PM.

Unlock Textbook Solution

Enter your email below to unlock your verified solution to:

Poission Approximation to Binomial Assume that we want to

×
Log in to StudySoup
Get Full Access to Statistics - Textbook Survival Guide
Join StudySoup for FREE
Get Full Access to Statistics - Textbook Survival Guide
×
Reset your password