Question
Four percent of the customers of a mortgage company default. A sample of five customers is selected. What is the probability that no more than
Four percent of the customers of a mortgage company default. A sample of five customers is selected. What is the probability that no more than two customers in the sample default?
A) 1.4% B) 14% C) 9.9% D) 99.9%
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
