Author Question: If you are conducting an experiment where the probability of a success is 0.2 per day and you are ... (Read 60 times)

heatherbabydoll1 · **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

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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

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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

Sophia0717 · **Reply #1 on:** Mar 25, 2023

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