Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments? 0.2592 0.7408 0.0142 0.9588

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Four percent of the customers of a mortgage company default on their payments. A
sample of five customers is selected. What is the probability that exactly two
customers in the sample will default on their payments?
0.2592
0.7408
0.0142
0.9588
Transcribed Image Text:Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments? 0.2592 0.7408 0.0142 0.9588
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