The probability that an applicant will be approved for a mortgage is 0.15. Each applicant hasthe same probability of being approved and the event that they are approved are independent.What is the probability that out of three applicants, exactly two of them get approved?Enter your answer as a decimal, with three decimal places. For example, if the probability is15.37%, enter 0.154

Given that Number of trials n=3 Success of probability p=0.15 X~binomial (n,p) nCx=n!/x!(n-x)!

Answered: The probability that an applicant will…

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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