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OPMT 1197 Quiz 4 Mark: /12 Last Name: First Name: Set: When processing credit-card applications there is a 20% chance that an application will have

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OPMT 1197 Quiz 4 Mark: /12 Last Name: First Name: Set: When processing credit-card applications there is a 20% chance that an application will have incomplete or insufficient information and require research. You have 10 applications in your to-do pile and would like to leave early today. (a) Fill in the values: [2 marks] n = P =_ q = (b) What is the probability of exactly three applications needing research? [4 marks] ANSWER (4 decimal places): (c) What is the expected number of applications that will need research? [1 mark] ANSWER: (d) What is the probability of having UP TO the expected number of applications needing research? [5 marks]

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