What is the probability that at least one

Assignment Help Basic Computer Science
Reference no: EM132121932

Taylor found that 8% of the recipients of loans from a particular mortgage lending institute default within the first 3 years. If he takes a random sample of 4 customers, who received loans 3 years ago, what is the probability that at least one of them have defaulted?

Reference no: EM132121932

Questions Cloud

Describe an efficient mode of electronic communication : Describe an efficient mode of electronic communication. How could emerging technologies transform the way we get things done 5-10 years in the future?
What is the probability that the mean of a sample : What is the probability that the mean of a sample of 33 cars would be less than 3160 miles?
How much money must be put into a bank account yielding : How much money must be put into a bank account yielding 7.25% (compounded annually) in order to have $2,250 at the end of 7 years?
Create their plan based on knowledge learned : Students are to create their plan based on knowledge learned in the Scenario.
What is the probability that at least one : If he takes a random sample of 4 customers, who received loans 3 years ago, what is the probability that at least one of them have defaulted?
Explain the principles of the just in time philosophy : Explain the principles of the Just in Time Philosophy. Should the United States normalize relations with Cuba?
What are the legal consequences of each : Is it ethical for a potential employer to use the Internet this way? Is it legal? What if an angry ex-boyfriend or ex-girlfriend posted some things.
What is the rack rate for standard room : What is the rack rate for a “standard” room? What items are available in disabled access guest room? What was the name and position of the person you spoke with
How you agree or disagree with the post : For this week, you need to respond to 2 of your peer's initial responses. Your replies need to be more than 1 or 2 sentences to obtain credit for posting.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What name do economists have for people like fredo

a. What name do economists have for people like Fredo? b. How can the government solve the problem caused by people like Fredo?

  Probabilities-dichotomous events

What is the probability that Jane's eleventh flip will land on heads as well?

  Potential problems for those implementing a honeypot

Discuss honeypots. Are they legal? Should they be legal? What are some of the potential problems for those implementing a honeypot?

  Concerned about securing cloud based system

An organization is concerned about securing their cloud based system and have come across the Common Vulnerabilities and Exposures (CVE) database

  Plan for processing the potential crime incident scene

Describe your plan for processing the potential crime/incident scene. Some of the items you will want to cover include

  How many negative integers can be represented

How many positive integers can be represented? How many negative integers can be represented?

  Does the longitudinal analysis in section 2.6 change

Does the longitudinal analysis in Section 2.6 change?

  Byte-addressable computer

Consider a byte-addressable computer that has 4-KB main memoryand 64-byte cache with eight blocks, where each block has two 32-bit words.

  Explain with a graph how sml is different from cml

Explain with a graph how SML is different from CML. Why CAPM equation might be more relevant than other equations when calculating required rate of return. (1000 words)

  Prove the answer with a simple income statement

Fixed costs, S 15,000, Unit selling price is S 18.00, Unit variable cost is S3 .00. Prove the answer with a simple income statement.

  Business problems arise in a multitude

Business problems arise in a multitude of ways inside an organization; sometimes, they stem from the need or desire to do something completely new, sometimes they stem from the need or desire to improve an existing operation.

  Program that creates a few triangles

Write a simple tester program that creates a few triangles and asks them about their type.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd