Poisson distribution to estimate this binomial probability

Reference no: EM131050257

Historical records show that 5 percent of people who visit a particular website purchase something. What is the probability that exactly 2 people out of the next 25 will purchase something? Use the Poisson distribution to estimate this binomial probability

Reference no: EM131050257

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Poisson distribution to estimate this binomial probability : Historical records show that 5 percent of people who visit a particular website purchase something. What is the probability that exactly 2 people out of the next 25 will purchase something? Use the Poisson distribution to estimate this binomial pr..

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