Answer to Question #31803 in Statistics and Probability for dj Smith

Question #31803

1 out of 10 people default on their car loans. Last Month a bank approved 50 car loans. Use the Normal Approximation of the Binomial to find the probability atleast three borrowers will default?

Expert's answer

Download Answer

Learn more about our help with Assignments: Statistics and Probability

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. 1 out of 10 people default on their car loans. Last Month a bank approved 50 car loans. Use the Norm
2. Hello. I have some questions for Random Variables. Any hint/solve is enough for me. Thank You! 1.
3. I have a couple of questions for function and Sample mean and CLT. Any question for any of the qu
4. Hello. I have a couple two problems to ask. I'm going to like/share or do whatever I have to do
5. Gamblers ruin question: A gambler bets on coin flips. With each flip, he wins $1 with probability p
6. hi! I have a group of surfers and want to describe the Heart rate response during a surf session. t
7. In a frequency distribution based on classes 0-10, 10-20, 20-30, 30-40, 40-50,....., two observation

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…