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According to a recent survey, 78% of homeowners have homeowners insurance. A random sample of six homeowners was selected. Calculate the following binomial probabilities: (a)

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According to a recent survey, 78% of homeowners have homeowners insurance. A random sample of six homeowners was selected. Calculate the following binomial probabilities: (a) The probability exactly 3 homeowners have insurance (b) The probability that 4 or more owners have insurance (c) The probability that 5 or fewer owners have insurance (d) What is the probability that all of the homeowners in the sample would have insurance? (e) What is the expected number of homeowners in the sample to have insurance? Upload an Excel file containing your work on this problem, with your answers clearly labeled. Please type in your first and last names in the file before submitting

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