In November 2008† the probability that a randomly selected subprime home mortgage in Texas was current in its payments was 0.67. Choose 10 subprime home mortgages at random. (a) What is the probability that exactly 5 of them were current? (Round your answer to four decimal places.) (b) Use technology to generate the probability distribution for the associated binomial random variable. (Round your answers to four decimal places.) x 0 1 2 3 4 P(X) x 5 6 7 8 9 10 P(X) (c) Fill in the blank. If 10 subprime home mortgages were chosen at random, the number of them most likely to have been current was

In November 2008† the probability that a randomly selected subprime home mortgage in Texas was current in its payments was 0.67. Choose 10 subprime home mortgages at random. (a) What is the probability that exactly 5 of them were current? (Round your answer to four decimal places.) (b) Use technology to generate the probability distribution for the associated binomial random variable. (Round your answers to four decimal places.) x 0 1 2 3 4 P(X) x 5 6 7 8 9 10 P(X) (c) Fill in the blank. If 10 subprime home mortgages were chosen at random, the number of them most likely to have been current was

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Description: In November 2008† the probability that a randomly selected subprime home mortgage in Texas was current in its payments was 0.67. Choose 10 subprime home mortgages at random.(a)What is the probability that exactly 5 of them were current? (Round your a

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

In November 2008† the probability that a randomly selected subprime home mortgage in Texas was current in its payments was 0.67. Choose 10 subprime home mortgages at random.

(a)

What is the probability that exactly 5 of them were current? (Round your answer to four decimal places.)

(b)

Use technology to generate the probability distribution for the associated binomial random variable. (Round your answers to four decimal places.)

x	0	1	2	3	4
P(X)

x	5	6	7	8	9	10
P(X)

(c)

Fill in the blank.

If 10 subprime home mortgages were chosen at random, the number of them most likely to have been current was .

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