Poission Approximation to Binomial Assume that we want to find the probability of
Chapter 5, Problem 3(choose chapter or problem)
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?
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