The Mathematics of Value-at-Risk
On average, the probability that an egg is found to be broken when the eggs are unpacked is 0.002. Find the probability that a box contains 2 broken eggs. [ 0.184] Solution Example 3.2. On average one in 200 cars breaks down on a certain stretch of road per day. Find the probability that on a certain day a) none of a sample of 250 cars breaks down, ................
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