Question 5-14 Page <10of 261Chapter 5: Probability Distributions5-14 Credit Rating There is a 1% delingquency rate for consumers with FICO (Fair Isaac &Company) credit rating scores above 800. If the Jefferson Valley Bank provides largeloans to 12 people with FICO scores above 800, what is the probability that at least oneof them becomes delinquent? Based on that probability, should the bank plan ondealing with a delinquency?Genetics Ten peas are generated from parents having the green/yellow pair of genes,so there is a 0.75 probability that an individual pea will have a green pod. Find theprobability that among the 10 offspring peas, at least nine have green pods. Is it unusualto get at least nine peas with green pods when ten offspring peas are generated? Whyor why not?5-15Poisson Exercises 5-16 through 5-18 involve Poisson distributions. Use Statdisk for these exercises.Radioactive Decay Radioactive atoms are unstable because they have too much energy.When they release their extra energy, they are said to decay. When studying Cesium137, it is found that during the course of decay over 365 days, 1,000,000 radioactive5-16atoms are reduced to 977,287 radioactive atoms.99+Desktop73°F SunnyDELL

We have given that p=1%=0.01 n=12 X~Binomial(n=12 , p=0.01) P(x≥1)=?

Credit Rating There is a 1% delinquency rate for consumers with FICO (Fair Isaac & Company) credit rating scores above 800. If the Jefferson Valley Bank provides large loans to 12 people with FICO scores above 800, what is the probability that at least one of them becomes delinquent? Based on that probability, should the bank plan on dealing with a delinquency? 5-14

Credit Rating There is a 1% delinquency rate for consumers with FICO (Fair Isaac & Company) credit rating scores above 800. If the Jefferson Valley Bank provides large loans to 12 people with FICO scores above 800, what is the probability that at least one of them becomes delinquent? Based on that probability, should the bank plan on dealing with a delinquency? 5-14

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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