Help with Poisson Approx to Binomial .

Discussion in 'CT3' started by faiqtokee, Mar 12, 2017.

  1. faiqtokee

    faiqtokee Member

    Hello forum ,

    I'm having difficulty figuring out the (iii) of the attached question , which comes from April 2007 - No. 7 ( CT3 ) exams. I am comfortable converting the Bin( 200, 0.01) to Poi (2) , my main issue is how to convert the P( S > 2040) to fit in with the Poisson distribution, please?

    Many Thanks for your help.
     

    Attached Files:

  2. John Lee

    John Lee ActEd Tutor Staff Member

    You just need to work out how many prize certificates are needed to get more than £2040
     

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