i need full explained solution |Recent difficult economic times have caused an increase in the foreclosure rate of homemortgages. Statistics form the Penn Bank and Trust Company show their monthly foreclosurerate is now 1 loan out of every 136 loans. Last month the bank approved 300 loans.a. How many foreclosures would you expect the bank to have last month?b. What is the probability of exactly two foreclosures?c. What is the probability of at least one foreclosure?

Recent difficult economic times have caused an increase in the foreclosure rate of home mortgages. Statistics form the Penn Bank and Trust Company show their monthly foreclosu rate is now 1 loan out of every 136 loans. Last month the bank approved 300 loans. a. How many foreclosures would you expect the bank to have last month? b. What is the probability of exactly two foreclosures? c. What is the probability of at least one foreclosure?

Recent difficult economic times have caused an increase in the foreclosure rate of home mortgages. Statistics form the Penn Bank and Trust Company show their monthly foreclosu rate is now 1 loan out of every 136 loans. Last month the bank approved 300 loans. a. How many foreclosures would you expect the bank to have last month? b. What is the probability of exactly two foreclosures? c. What is the probability of at least one foreclosure?

Chemistry

10th Edition

ISBN:9781305957404

Author:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste

Publisher:Steven S. Zumdahl, Susan A. Zumdahl, Donald J. DeCoste

Chapter1: Chemical Foundations

Section: Chapter Questions

Problem 1RQ: Define and explain the differences between the following terms. a. law and theory b. theory and...

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Question

i need full explained solution

|Recent difficult economic times have caused an increase in the foreclosure rate of home
mortgages. Statistics form the Penn Bank and Trust Company show their monthly foreclosure
rate is now 1 loan out of every 136 loans. Last month the bank approved 300 loans.
a. How many foreclosures would you expect the bank to have last month?
b. What is the probability of exactly two foreclosures?
c. What is the probability of at least one foreclosure?

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