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Author Question: If you are conducting an experiment where the probability of a success is 0.2 per day and you are ... (Read 76 times)

heatherbabydoll1

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on: Mar 25, 2023

Question 1

Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?


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0.2592


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0.0142


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0.9588


◦

0.7408



Question 2

If you are conducting an experiment where the probability of a success is 0.2 per day and you are interested in finding the probability of 4 successes in in three days, the correct probability function to use is


◦

the standard normal probability density function


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the normal probability density function


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the Poisson probability function


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any probability as long as the tables are available

Essentials of Statistics for Business and Economics ¦ Anderson, Sweeney, Williams, Camm, Cochran ¦ 7th Edition
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Marked as best answer by heatherbabydoll1 on Mar 25, 2023

Sophia0717

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Reply #1 on: Mar 25, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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heatherbabydoll1

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Reply 2 on: Mar 25, 2023
Great answer, keep it coming :)

ttt030911

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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