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Mathematics, 23.03.2020 18:21 Lululove

The number of machine breakdowns in a month follows a Poisson distribution with a mean of 3. An insurance contract covers repairs to the machine if more than N breakdowns occur in a month. N is selected to be the highest number such that the contract will provide repairs in at least 25% of the months. Determine N.

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The number of machine breakdowns in a month follows a Poisson distribution with a mean of 3. An insu...
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