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Science-Related Homework Help Statistics and Probability Topic started by: selena on Dec 30, 2021



Title: According to the Mortgage Bankers Association, 11% of U.S. mortgages were delinquent last year. A ...
Post by: selena on Dec 30, 2021
According to the Mortgage Bankers Association, 11% of U.S. mortgages were delinquent last year. A delinquent mortgage is one that has missed at least one payment but has not yet gone to foreclosure. A random sample of eight mortgages was selected. What is the probability that exactly one of these mortgages is delinquent?

▸ 0.3685

▸ 0.3918

▸ 0.4461

▸ 0.6260


Title: According to the Mortgage Bankers Association, 11% of U.S. mortgages were delinquent last year. A ...
Post by: cesady on Dec 30, 2021
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