Probability that there will be at least 4 failures

Reference no: EM131384473

The number of bank failures per year among those insured by the Federal Deposit Insurance Company has a mean of 7.0. The failures occur independently. What is the probability that:

(a) there will be at least 4 failures in the coming year?

(b) there will be between 2 and 8 failures, inclusive, in the coming year?

Reference no: EM131384473

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