Business development in the state of pennsylvania

Reference no: EM1388437

A regional director responsible for business development in the state of pennsylvania is cocerned about the number of small business failures. If the mean of small businsses failures per month is 10, what is the probability that exactly four small businesses will fail during a given month? Assume that the probablity of a failure is any month is independent of failures in any other month.

Reference no: EM1388437

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