This exercise looks at how well the Poisson distribution approximates the binomial distribution. Assume that n=363n=363 and p=0.003p=0.003 for a binomial distribution. Find the exact (actual) probability (using the binomial probability formula) of one success in 363 trials. (Report answer accurate to 6 decimal places.) P(x = 1) =  Find the approximate probability of one success in (an interval spanning) 363 trials. (Report answer accurate to 6 decimal places.) P(x = 1) =  Find the relative difference between the two values. (Use all of the decimal places shown in your calculator from the previous two answers) Recall, the formula approximation–actual actual×100% approximation–actual actual×100%(Report answer as a percent accurate to 4 decimal places; you need not type the “%” symbol.) rel diff = %

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter9: Counting And Probability
Section9.3: Binomial Probability
Problem 2E: If a binomial experiment has probability p success, then the probability of failure is...
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This exercise looks at how well the Poisson distribution approximates the binomial distribution. Assume that n=363n=363 and p=0.003p=0.003 for a binomial distribution.

Find the exact (actual) probability (using the binomial probability formula) of one success in 363 trials.
(Report answer accurate to 6 decimal places.)
P(x = 1) = 

Find the approximate probability of one success in (an interval spanning) 363 trials.
(Report answer accurate to 6 decimal places.)
P(x = 1) = 

Find the relative difference between the two values.
(Use all of the decimal places shown in your calculator from the previous two answers)


Recall, the formula approximation–actual actual×100% approximation–actual actual×100%(Report answer as a percent accurate to 4 decimal places; you need not type the “%” symbol.)
rel diff = %

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9781305115545
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James Stewart, Lothar Redlin, Saleem Watson
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Cengage Learning