Of all mortage foreclosures in the united states 69 are

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Reference no: EM13633725

of all mortage foreclosures in the united states, 69% are caused by diability . People who are injured or ill cannot work - they then lose their jobs and thus their incomes . With no income, they cannont make their mortgage payment and the bank forecloses . given that 22 mortgage foreclosures are audited by a larger lending instiuton, find the probablity of the following:

A) no more than 20 of the foreclosures are due to a disability

B) at least 2 of the foreclosures are due to disability

C)at most 2 of the foreclosures are due to diability

D) exactly 8 of the forclosures are due to disability

E) calculate the mean and standard deviation for this binomial experiment.

Reference no: EM13633725

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