document.write( "Question 927983: In a certain country there is a bank failure once every six years on average. What is the probability of at least one bank failure in the next 30 years? \n" ); document.write( "

Algebra.Com's Answer #563386 by 428225(90) $\"\"$ $\"About$

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Rate of 1 per 6 years
\n" ); document.write( "30/6 = 5
\n" ); document.write( "Therefore
\n" ); document.write( "Rate of 5 per 30 years
\n" ); document.write( "X~Po(5)
\n" ); document.write( "Then look at the Poisson table with lambda = 5
\n" ); document.write( "Then do 1-P(0) then you get your answer. \n" ); document.write( "

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