ZuoTi.Pro
Question

25R017 Records over the past year show that I out of 305 loans made by Mammon Bank have defaulted. Find the probablity that 3 or more Need Help? Rese Submit Ae Save Progress Pracice Another Version out of 300 loans will default. Mint: is t appropriate to Poisson approximation to the binomial distribution? (Round λ to 1 decimal place. Use 4 decimal places f for your answer.)
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

ass ,):nP: 305 О.gyxl. 30 S or ona e. 21 O. 08 03

0 0
Add a comment
Know the answer?
Add Answer to:
25R017 Records over the past year show that I out of 305 loans made by Mammon...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Records over the past year show that 1 out of 315 loans made by Mammon Bank...

    Records over the past year show that 1 out of 315 loans made by Mammon Bank have defaulted. Find the probability that 1 or more out of 290 loans will default. Hint: Is it appropriate to use the Poisson approximation to the binomial distribution? (Round λ to 1 decimal place. Use 4 decimal places for your answer.)

  • Records over the past year show that 1 out of 360 loans made by Mammon Bank...

    Records over the past year show that 1 out of 360 loans made by Mammon Bank have defaulted. Find the probability that 3 or more out of 270 loans will default. Hint: Is it appropriate to use the Poisson approximation to the binomial distribution? (Round λ to 1 decimal place. Use 4 decimal places for your answer.)

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT