NMIMS Quantitative Methods – I – Assignment Solution for September 2025
Q1. A rare event occurs in a large population with probability 0.0004 per individual per year. In a city of 20,000 individuals, the event is tracked annually. (a) Using the Poisson approximation, compute the probability that in a given year, at least 10 but no more than 15 individuals experience the event. (b) If the …
NMIMS Quantitative Methods – I – Assignment Solution for September 2025 Read More »