Question 4Fifty-five percent of the applications received for a credit card are accepted. Among the next 12 applications, determine theexpected number and the variance of the accepted applications. (CSLO 1,3,7)Edit Format Table12pt ParagraphBIUA>2 T² :MacBook Pro4

Given,n=12p=55%=0.55q=1-p=1-0.55=0.45Let X be a binomial random variable that represents the number…

Answered: Fifty-five percent of the applications…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Fifty-five percent of the applications received for a credit card are accepted. Among the next 12 applications, determine the expected number and the variance of the accepted applications. (CSLO 1,3,7)