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Question 9.. Ms. Bergen is a loan officer at Coast Bank and Trust. From her years of experience, she estimates that the probability is .025

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Question 9.. Ms. Bergen is a loan officer at Coast Bank and Trust. From her years of experience, she estimates that the probability is .025 that an applicant will not be able to repay his or her instalment loan. Last month she made 40 loans. a. What is the probability that 3 loans will be defaulted? b. What is the probability that at least 3 loans will be defaulted? Question 10.. In a recent study 90 percent of the homes in the United States were found to have large screen TVs. In a sample of nine homes, what is the probability that: a. All nine have large-screen TVs? b. Less than five have large-screen TVs? c. More than five have large-screen TVs? d. At least seven homes have large-screen TVs

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