The number of drilling rig accidents in a year can be modelled
as a Poisson random
variable. Suppose that the expected number of serious accidents per
year (for a certain
oil company) is λ =5. Find the probability that exactly 2 accidents
will happen this year.
Let X be the random variable that denote number of accidents per year (for the oil company mentioned in the question)
X follows poisson distribution with = 5 (mean)
Pmf of poisson distribution is :
here we want the probability of exactly 2 accident occuring this year so, X = 2
Answer: The probability that exactly 2 accidents will happen this year is 0.0842
The number of drilling rig accidents in a year can be modelled as a Poisson random...
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