Ms. Bergen is a loan officer at Coast Bank and Trust. From her years of experience, she estimates that the probability is 0.25 that an applicant will not be able to repay his or her installment loan. Last month she made 40 loans. What is the probability that three loans will be defaulted? What is the probability that at-least three loans will be defaulted?

Q: If a student is picked at random, what is the probability that a) he or she is a full-time student…

A: The data is given by   No work part time work full time work Total Full time student 0.15 0.22…

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

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Q: If a randomly selected female student abstains from​ alcohol, what is the probability she attends a…

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Q: Suppose you manage the demand for a towing company in Little Rock, Arkansas. On a usual day your…

A: Here Given Company gets five request Per day So Here we can Use Poisson distribution

Q: A market research firm conducts telephone surveys with a 40% historical response rate.What is the…

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Q: If an average of 40 calls is required in a typical eight hour shift, what is the probability that no…

A: Given that, An average of 40 calls is required in a typical eight hour shift. Required: To find the…

Q: If the experiment is in state 1 on the third observation, what is the probability it will be in…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: A regular poker hand is drawn from a well-shuffled deck of cards. What is the probability that it…

A: Solution:From the given information, regular poker hand is drawn from a pack of cards. In drawn…

Q: Although studies continue to show smoking leads to significant health problems, 20% of adults in the…

A: Note: Hey, since multiple sub parts are posted, we will answer first three sub parts according to…

Q: It is estimated that 1 in 59 students in Canada have been diagnose Austism Spectrum Disorder. In a…

A: It is given that, 1 in 59 students in Canada has been diagnosed with Autism Spectrum Disorder.  i.e.…

Q: The National Fire Incident Reporting Service stated that, among residential fires, 63% are in family…

A: It was stated that the National Fire Incident Reporting Service stated that, among residential…

Q: What is the probability that the first time Alex gets a job interview will not be the sixth…

A: here  p = probability of getting a chance of job interview = 0.19

Q: According to the June issue of Consumer's Digest, census figures show that in 1978 almost 53% of all…

A:

Q: From an ordinary deck of 52 playing cards, what is the probability that if 5 cards are to be dealt,…

A: Total no.of cards=52no.of face cards=12

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A: We have to use union and intersection of set to find the various probabilities.

Q: If you pick up a card from a deck of 52, what is the probability that it will be a face card but not…

A:

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

A: Solution: 57)

Q: Suppose you manage the demand for a towing company in Little Rock. On a usual day your company gets…

A:

Q: In an eight-child family, what is the expected number of boys? (Assume that the probability of a boy…

A: Let, X= number of boys  number of observations = n =8  probability of a boy= p = 1/2  So, X follows…

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A: The decision rule of the hypothesis test is given as follows: If the p-value ≤ α, then the null…

Q: What is the probability that both of the cards are diamonds?

A: HERE FROM GIVEN INFORMATION, there are total 52 cards  13 cards of diamond card drawn at random and…

Q: An auditor for Health Maintenance Services of Georgia reports 40% of policyholders 55 years or older…

A: Note: Hi there! Thank you for posting the question. As there are multiple sub parts, according to…

Q: What is the probability that the next person surveyed is very prepared?

A: It is given that Frequency for Very prepared = 247 Total = 247+982+546+341+76 = 2192

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

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A:

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A: For the given data Find the probability

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A: Formula : P(A') = 1 - P(A)

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A: Given that 4 houses out of 1000 are expected to be damaged by fire in any year. Therefore,…

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A:

Q: What is the probability that a five-card poker hand from a standard deck has two pairs of non-face…

A: There are 52 cards in a standard deck. 5 cards can be chosen in 525 ways Now, there are 4 face cards…

Q: During a study of auto accidents, the Highway Safety Council found that 60 percent of all accidents…

A:

Q: Of all the students who take the CPA examination, one-fourth have a Master’s degree and the…

A: One-fourth of the students have a Master’s degree, the remaining students have Bachelor’s degree.…

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A:

Q: A fruit retailer complains to a wholesaler that 60 percent of the boxes of apples shipped to the…

A: As per our guidelines we are suppose to answer three sub parts .

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Q: What is the probability that they gave birth preterm, if you know they had adequate care?

A: Given that Total number of people = 278 Number of person who had adequate care and gave birth…

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A:

Q: According to this simulation, what is the probability that at least one of the next five dogs he…

A: here given a simulation result total outcomes in result  = 20 and  let 5 and 6 represents the german…

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Q: What is the probability that a student chosen at random is between the ages 10 and 13, given that…

A: Required probability is Pstudents ages 10-13/skip breakfast

Q: (a) What is the probability that more than two calls are received in a one-hour period? (b) What is…

A: Here As per POLICY I HAVE CALCULATED 3 subpart only

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A: let x be the no of customer pay using credit card follow binomial distribution with(n=5 and p=0.3)…

Q: An auditor for Health Maintenance Services of Georgia reports 40% of policyholders 55 years or older…

A: Binomial distribution : A Binomial is a type of distribution which has two possible outcomes. i.e.,…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.