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What is the probability you find 3 errors

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Reference no: EM132857054

In the process of auditing mortgage applications, it is discovered that 6 errors happen for each batch of 75 applications. If each batch of applications are independent of one another. The number of errors that occur in one batch does not influence or change the number of errors in any other batch, and errors occur randomly throughout the batches of applications. Answer the following questions: (round final answers to 5 decimal places)

A. In a batch of 75 mortgage application what is the probability you find 3 errors?

B. In a batch of 25 mortgage application what is the probability you find at least 2 errors?

C. In a batch of 25 mortgage application what is the probability you find less than 3 errors?

Reference no: EM132857054

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