According to Financial Executive, disability causes 48% of all mortgage foreclosures. Given that 20 mortgage foreclosures are audited by a large lending institution. Find the probability that there are eight foreclosures due to disability. 0.1388 0.1296 0.4210 0.8612

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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According to Financial Executive, disability causes 48% of all mortgage foreclosures. Given that 20
mortgage foreclosures are audited by a large lending institution. Find the probability that there are
eight foreclosures due to disability.
0.1388
0.1296
0.4210
0.8612
Transcribed Image Text:According to Financial Executive, disability causes 48% of all mortgage foreclosures. Given that 20 mortgage foreclosures are audited by a large lending institution. Find the probability that there are eight foreclosures due to disability. 0.1388 0.1296 0.4210 0.8612
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