The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008 .

Question

Want to see the full answer?

Answer 1

Question

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Q2*) Consider the extremisation of the integral I[y] = √²² F(x,y,y', y") dx x1 when y and y' are prescribed only at x = x1. Derive the so-called 'natural boundary conditions' that must be satisfied at x = x2. Taking a specific example: The functional I [y] is defined by I[y] = √² ((y″)² + y) dx with y(0) = 0 and y'(0) = 0. Write down the fourth-order Euler-Lagrange equation for this problem, stating the four boundary conditions. Find the general solution of the Euler-Lagrange equation, and then impose the boundary conditions to find the extremal.

The basketball team at Bakersfield High School recorded their wins and losses of the season. The table given shows the data collected, in which the relationship between wins and losses is sorted by number of points scored. ≥ 100 points < 100 points Total Win 48 90 Loss 6 Total 100 Does the data give evidence of an association between scoring at least 100 points during the game and the basketball team winning? There is a weak, negative association. There is a weak, positive association. There is a strong, positive association. There is a strong, negative association.

Crumbs Cookies was interested in seeing if there was an association between cookie flavor and whether or not there was frosting. Given are the results of the last week's orders. Frosting No Frosting Total Sugar Cookie 50 Red Velvet 66 136 Chocolate Chip 58 Total 220 400 Which category has the greatest joint frequency? Chocolate chip cookies with frosting Sugar cookies with no frosting Chocolate chip cookies Cookies with frosting

Answer 2

Question

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Answer 6

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

Answer 7

Chapter 8.2, Problem 33E

(a)

To determine

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

Answer 8

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

Answer 9

(b)

To determine

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

Answer 10

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Answer 11

(c)

To determine

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 2E Ch. 8.1 - Prob. 3E Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 6E Ch. 8.1 - In Exercises 110, classify the random variable X...Ch. 8.1 - Prob. 8E Ch. 8.1 - Prob. 9E Ch. 8.1 - In Exercises 110, classify the random variable X...

The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008 .

Solution Summary: The author calculates the probability of selecting exactly 5 out of 10 subprime home mortgages in the foreclosure.

Concept explainers

Videos

To calculate: The probability such that exactly 5 out of 10 subprime home mortgages selected at random were in the foreclosure where the probability for subprime home mortgage in Florida which were in foreclosure was 0.24 in November 2008.

The probability distribution for the 10 subprime home mortgages for which the probability that the selected subprime home mortgage was in foreclosure was 0.24 using technology.

To fill: The blank in the statement, “If 10 subprime home mortgages were chosen at random, the number of them most likely to have been in foreclosure was _________.”

Want to see the full answer?

Chapter 8 Solutions