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Let us suppose that sale of a flood insurance by a salesperson is according to a Poisson pmf, with an average of 3 per week
Let us suppose that sale of a flood insurance by a salesperson is according to a Poisson pmf, with an average of 3 per week. Use Poisson pmf to calculate the probability that in a given week the salesperson will sell
i.. Some policies.
ii. Two or more policies but less than five policies.
iii. Assuming that there are five working days per week, what is the probability that in a given day he will sell one policy?
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