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Recent difficult economic times have caused an increase in the foreciosure rate of home mortgages. Statistics from the Penn Bank and Trust Company show their

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Recent difficult economic times have caused an increase in the foreciosure rate of home mortgages. Statistics from the Penn Bank and Trust Company show their monthly foreclosure rate is now one loan out of every 136 loans. Last month the bank opproved 300 loans a. How many foreciosures would you expect the bank to have last month? (Round your answer to 4 decimal places.) b. What is the probability of exactly two foreclosures? (Round your answer to 4 decimal places.) c. What is the probability of at least one foreclosure? (Round your answer to 4 decimal places.)

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