A bank has found that 31 of their 5000 borrowers have defaulted on their loan. They have also found that 104 borrowers entered into some kind of restructuring. What is the probability of somebody defaulting or restructuring?

Q: Suppose that a fast food restaurant can expect two customers every 3 minutes, on average. What is…

A: In this question we will be using Poisson distribution.  It is given that the restaurant can expect…

Q: What is the probability that a student is neither an Instagram user nor a Pinterest user?

A: According to the Venn diagram, The number of Instagram users is 71 The number of Pinterest users is…

Q: What is the probability that the general manager is next to the vice president?

A: The probability of an event is given by, PE=Number of favorable outcomesTotal number of outcomes.…

Q: What is the probability that the accident occurred on either the evening or the graveyard shift?

A: It is given that P(evening) = (6 + 25)% = 31% = 0.31 P(graveyard) = (2 + 30)% = 32% = 0.32

Q: In a class of 8 students, what is the probability that at least one was born in July?

A: c) Given that there are 12 months in a year. The probability that student born in July is…

Q: What is the probability that the selected individual has neither type of card?

A: Given that P(A) = 0.5, P(B) = 0.4, P(A and B) = 0.25

Q: A student receives, on average, 7 text messages in a 2-hour period. What is the probability that the…

A: To find the probability

Q: What is the probability that they will not strike out af

A:

Q: What is the Probability that a student is not taking either class?

A: From the given Venn diagram, it is observed that the number of students who are taking art only is…

Q: From a well-shuffled deck of ordinary playing cards, four cards are turnedover one at a time without…

A: A well shuffled deck of card contains 52 cards of which 26 cards are red and  13 card are spades.…

Q: The Denver Post stated that 80% of all new products introduced in grocery stores are taken off the…

A:

Q: Use a formula to determine the expected probability of an event

A: we have to tell among which of the option describes the theoretical proability.

Q: What is the probability a certain tire of this brand will last less than 53,400 miles? What is the…

A: Given Mean=60000 Standard deviations=1700

Q: The National Association of Realtors estimates that 23% of all homes purchased in 2004 were…

A: Probability of success, p=0.23 and n=800.

Q: A study on sales of a product determines that on average, there are 490 units sold on a week. What…

A:

Q: What is the probability that out of 12 students on a swim team, they will line up from youngest to…

A:

Q: What is the probability that the household does not own a cell phone or a computer?

A: Here Given  Two Events P= Household has a cell phone  C=Household has a computer

Q: What is the probability that the firm will have more than eight defaults in a given year? What is…

A: Solution: 57)

Q: A sales firm receives, on average, 3 calls per hour on its toll-free number. For any given hour,…

A:

Q: What is the probability that thanksgiving falls on a thursday?

A: Thanksgiving day:It is known that Thanksgiving is always celebrated on fourth Thursday of November…

Q: A company receives 65% of its orders over the Internet. Within a collection of 18 independently…

A: Given data, n=18 p=65%=0.65 P(X≤4)=?

Q: Andrew Whittaker, computer center manager, reports that his computer system experienced three…

A: Introduction:

Q: Give an example of an event whose probability must be determined empirically rather than…

A: According to the question, we have to wite the examples of an event whose probability must be…

Q: In terms of probability, what does it mean to say that two events are independent?

A: Two events are independent , if we know that occurrence of one event does not affect the probability…

Q: A fuel company conducts a geologic survey, that has a 20% chance of striking an oil reserve. What is…

A: Geometric distribution: The probability mass function of Geometric distribution is P(n) = p(1 - p)n…

Q: What is the probability of hitting a target, if in the long run, 71 out of every 464 attempts…

A: Probability:The probability of an event A is obtained  by the formula:

Q: If a randomly selected student owns a cell phone, what is the probability that this student also…

A:

Q: What is the probability that a registered voter voted in the election?

A: Given that Number of voters voted = 3040685 Number of voters did not vote = 3575944 Then, total…

Q: The average number of homes sold by the Fidelity Realty company is 3 homes per day. What is the…

A: Solution

Q: What is the probability that a dolphin group is partaking in social activities given that it is…

A:

Q: What is the probability that the person selected is a female?

A:

Q: The manager of Madison Finance Company has estimated that, because of a recession year, 5% of its…

A: Given information:Number of loans (n) = 400Probability that a loan will be delinquent (p) = 0.05.…

Q: What is the probability that it was from Ethiopia and did not occur in 2014

A: The probability formula is, Probability=Favourable outcomeTotal outcomes The totals are, From:…

Q: what is the probability of an event that must happen?

A: The event that must happen is called as sure event or certain event.

Q: On average, 10 people per hour conduct transactions at a special services desk in a commercial…

A:

Q: A research center pool showed that 80% of people believe that it is morally wrong to not report all…

A: Given: Proportion of people who believe reporting all income on tax returns is morally wrong =…

Q: What is the probability that your first girl comes on your 5th kid?

A: The probability of getting a girl= 0.5   Total number of trials = 5 Total number if failures = 4…

Q: What is the probability that a student is not a Pinterest user?

A: Total Users=71+24+20+5=120 Now, total Pinterest Users=24+20=44 Then, Probability of Pinterest…

Q: What is the probability that at least 60 years old but less than 70 years old senior citizen will…

A:

Q: What is the probability that it rains tomorrow?

A: Here define events and draw tree diagram

Q: The National Association of Realtors estimates that 23% of all homes purchased in 2004 were…

A: Given: p=0.23 n=800 x=200 The sample proportion is, p^=xn=200800=0.25

Q: What is the probability that a shopper will check prices online but not use online coupons or a…

A: Venn diagram uses circle to represent a set. The overlapping portions of circles represents the…

Q: If a person in this town is selected at random, what is the probability that the individual is…

A: As per Bartleby guidelines, only one is to be answered; please upload the other separately. Given…

Q: An entrepreneur owns seven corporations, each with more than $10 million in assets. The entrepreneur…

A: Given,n=7p=0.12q=1-pq=1-0.12=0.88A random variable X~Binomial(n=7 , p=0.12)P(X=x)=7x0.12x0.887-x  ;…

Q: what is the probability that the number of defectives exceeds 170?

A: Given: Sample size (N) = 1000 Number of favorable cases (x) = 170 Population proportion (p0) = 15% =…

Q: What is the probability that none of the 10 teenagers uses pandora media inc.'s online radio…

A: The problem can be solved using binomial distribution formula.

Q: A home security company claims that the reliability rate of their home security system is 90%. If…

A: Given data: n = 16 p =0.90