Find probability that five or fewer of foreclosures are due

Reference no: EM13472131

According to a financial monthly, disability causes 48% of all mortgage foreclosures. Given that 20 foreclosures were recently audited by a large lending institution, find a) the probability that five or fewer of the foreclosures are due to disability; b) the probability that at least three are due to disability. Use Binomial Probability function.

Reference no: EM13472131

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