Determine the chance


A cereal company advertises a prize in each and every box of its cereal. In fact, only about 95% of their boxes have prizes in them. If a family buys one box of this cereal every week for year, determine the chance that they will collect more than 45 prizes. What assumptions are you making? (Use poisson approximation)

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Basic Statistics: Determine the chance
Reference No:- TGS0866309

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