Recently, FHA mortgages, which are insured by the federal government, accounted for 28 of all home-purchase mortgages that were approved. A random sample of 150 mortgage applications was selected.
What is the probability that 48 or more from this sample were insured by the FHA?A) 0.1379
B) 0.1915
C) 0.2291
D) 0.3974
Question 2
When calculating a confidence interval for proportions, we assume that proportion data follow the ________________.
A) uniform distribution
B) Student's t-distribution
C) Poisson distribution
D) binomial distribution
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Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts, 27th ...