Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?
a. .2592
b. .0142
c. .9588
d. .7408
b
You might also like to view...
Decide whether the following statements concerning glycolysis are true or false.Glycolysis produces 1 pyruvate and 3 NADH coenzymes.
Answer the following statement true (T) or false (F)
Which of the following is NOT a feature associated with electronic calendar management?
A. Includes information about date of last order B. Reduces time management errors C. Links scheduled events with accounts D. Assigns relative priorities to items listed E. Automatically checks for scheduling conflicts
Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $60,000 Costs added during period: Direct materials (10,400 at
$9.8365 ) 102,300 Direct labor 79,800 Factory overhead 25,200 Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the equivalent units for materials and conversion costs, respectively. A) 14,000 and 12,160 B) 10,400 and 10,960 C) 14,000 and 13,600 D) 10,400 and 10,240
Consumer protection is the sole responsibility of Congress
Indicate whether the statement is true or false