Find the following Binomial probabilities for problems 1 and 2(Using Binomial Distribution Table on ilearn in Resources module) 1. There is a 1% delinquency rate for consumers with FICO credit score above 800. We choose a random sample of 5 people with FICO score above 800. a) Find the probability that less than 2 of them become delinquent. b) Find the probability that two or more of them become delinquent. 2. About 78 of people in the world are known to have O negative blood type. Find the following probabilities in 4 trials. a) At least 3 have O negative blood type. b) Less than three have O negative blood type. 3. Without using the table, find the probability of 3 successes among 5 trials if success probability is 0.09. (show work)
Find the following Binomial probabilities for problems 1 and 2(Using Binomial Distribution Table on ilearn in Resources module) 1. There is a 1% delinquency rate for consumers with FICO credit score above 800. We choose a random sample of 5 people with FICO score above 800. a) Find the probability that less than 2 of them become delinquent. b) Find the probability that two or more of them become delinquent. 2. About 78 of people in the world are known to have O negative blood type. Find the following probabilities in 4 trials. a) At least 3 have O negative blood type. b) Less than three have O negative blood type. 3. Without using the table, find the probability of 3 successes among 5 trials if success probability is 0.09. (show work)
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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