The manager of Madison Finance Company has estimated that, because of a recession year, 5% of its 400 loan accounts will be delinquent. If the manager's estimate is correct, what is the probability that 25 or more of the accounts will be delinquent? 32.

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

A: We have given that  The average number of homes sold by the Amy Realty company is 3 homes per day.…

Q: It is estimated that 1 in 59 students in Canada have been diagnosed with Austism Spectrum Disorder.…

A: Given data: The expression for the probability that 1 in 59 students in Canada has been diagnosed…

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: iS TOo ro. 14-26. Air Corporation having had just 2 aircrashes during its first fifty years of…

A: Given problem Given that

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

A: Given info: 20.4% of women attending all-women colleges abstained from alcohol, compared to 17.7% of…

Q: to the grand prize in the academic incentive program. Which is ciosest to the probability that the…

A: here Given  The table of No of students who got Double As and One student will be selected from this…

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: What is the sum of the probabilities in any probability distribution?

A: The sum of all probabilities in any probability distribution is always 1.  Generally, probability…

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: If the probability that an individual with a Bachelor Degree in Underwater Basket-weaving will be…

A: Given that the probability that an individual with a Bachelor Degree in Underwater Basket-weaving…

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: What is the probability that a sale will be made before the fourth sales call if the probability you…

A: From the given  information, Probability of success (he made sale call) = 0.17 p=0.17q=1-0.17  =0.83…

Q: A bank has found that 31 of their 5000 borrowers have defaulted on their loan. They have also found…

A: Given dataA bank has found that 31 of their 5000 borrowers have defaulted ontheir loan. They have…

Q: If the probability that an individual with a Bachelor Degree in Underwater Basket-weaving will be…

A: It is given that probability that an individual with a Bachelor Degree in Underwater Basket-weaving…

Q: What Is the probablilty that the first portion, A, of the circult operates? What is the probabllity…

A: a) Here 0.95 and F1 (0.91) are in series Therefore, The resultant circuit would be such that it…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: Given Data: Probability of surviving=0.865 Probability of death=1-0.865=0.135 Premium=7905 Death…

Q: In a certain year, the probability that a person in the United States would declare personal…

A: Solution: Let A be the event that a person in the United States would declare personal bankruptcy…

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

A: Solution: 57)

Q: Ms. Bergen is a loan officer at Coast Bank and Trust. From her years of experience, she estimates…

A: Step 1: From the provided information, The probability is 0.25 that an applicant will not be able to…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: Final answer is: 5446 silver coins

Q: An analyst estimates that the probability of default on a seven year AA-rated bond is 0.49, while…

A: Let; AA = Default on a seven year AA-rated bond A = Default on a seven year A-rated bond Given;…

Q: A contractor is considering a sale that promises a profit of $31,000 with a probability of 0.7 or a…

A: Profit is $31,000 with probability of 0.7. Loss is $13,000 with probability of 0.3.

Q: If a person is randomly chosen from the town's population, what is the probability that the person…

A: The data is given by Age Full-time  Part-time Unemployed Total 0-17 24 164 371 559 18-25 185…

Q: A securities analyst claims that, given a specific list of 6 common stocks, it is possible to…

A: Given: A securities analyst claims that, given a specific list of 6 common stocks, it is possible to…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: From the given information, the probability of surviving such a quest is 94.0% and the probability…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: Formula :  Expected value = ∑xP(x)

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

A: Solution

Q: 4. What is the probability that none of the first four customers gets over a 20% discount? 5. What…

A: Given Information: Discount Probability 10% off 0.50 15% off 0.25 20% off 0.15 30% off…

Q: What is the probability the pedestrian was not intoxicated

A: Given data The table summarizes results from 990 pedestrian deaths   Driver  intoxicated?…

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: A health HMO finds that that 56% of their policy holders are married. Amongst that same group 67%…

A: Probability that policy holder is married = P(M) = 0.56 Probability that policy holder have atleast…

Q: What is the chance that, neither settles the dispute, if they both try independently? What is the…

A: Let us define some events X : manager X settles the dispute Y : manager Y settles the dispute. Based…

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: a If a family now lives in an urban location, what is the probability that it will live in an urban…

A: Since there are multiple parts first part is answered step by step. Kindly repost for more help.

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

A:

Q: An insurance company insures a house worth P4.500,000 for an annual premium of P25,000. If the…

A: The company's expected profit is obtained as given below: Expected value: Expected…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A:

Q: A contractor is considering a sale that promises a profit of $26,000 with a probability of 0.7 or a…

A:

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: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: From the given information, the probability of surviving such a quest is 84.0% and the probability…

Q: Brandybuck Insurance Company (BIC) is deciding whether to insure the lives of those leading a quest…

A: Given data

Q: Create a scenario from your own experiences that can be used to model a probability problem with…

A: Let there are 10 blue marbles and 10 red marbles in a bag. We draw a marble and notice its color,…

Q: the sales manager knows that 18% of his clients do not pay their debts in full. He supposes that he…

A:

Q: A company that makes remote control aeroplanes believes that 6% of purchased planes are returned…

A:

Q: for MGMT2021 during the 2021/2022 academic year, what is the probability that this student attended…

A: here from given information , attend the live class  = L attend tutorial  = T

Q: the sales manager knows that 10% of his clients do not pay their debts in full. He supposes that he…

A: We have to find out given probabiity that 14%  or more will not be fulfilled in their…