SOLUTION: Suppose that the probability that a new medication will cause a bad side effect is 0.03. If this medication is given to 150 people, what is the probability that exactly three of

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Question 388727: Suppose that the probability that a new medication will cause a bad side effect is 0.03. If this medication is given to 150 people, what is the probability that exactly three of them will experience a bad side effect? Place your answer, rounded to 4 decimal places, in the blank.
Answer by robertb(5830)   (Show Source): You can put this solution on YOUR website!
Use the Poisson distribution:
. Then , rounded to 4 decimal places.

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