. bank found that 25% of its loans to new  small business become delinquent. Ten small business are selected randomly from the bank's files. a) what is probability that three of them are delinquent? b) what is the probability that at least three of the

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 5ECP: In Example 5, what is the probability that an institution selected at random is in the Pacific...
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Question 7:

A. bank found that 25% of its loans to new  small business become delinquent. Ten small business are selected randomly from the bank's files.

a) what is probability that three of them are delinquent?

b) what is the probability that at least three of them are delinquent?

c) what is the expected delinquency?

B. Geometric Distribution

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