Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Probability using Binomial distribution.

The Bank of Hawaii reports that 7 percent of its credit card holders will default at some time in their life. The Hilo branch just mailed out 12 new cards today.

a. How lots of of these new cardholders would you expect to default?  What is the standard deviation?

b. What is the possibility that none of the cardholders will default?

c. What is the probability at least one will default?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920573

Have any Question? 


Related Questions in Statistics and Probability

1 describe a mixed or split-plot factorial design this

1. Describe a mixed, or split-plot, factorial design. This design is a hybrid of what two other designs? 2. What is a main effect? 3. How many main effects can be tested in a 2 x 2 design? In a 3 x 3 design? In a 2 x 2 x ...

Spss assignment 02the data set you need to do the

SPSS Assignment 02 The data set you need to do the assignment can be found on Blackboard in the folder "Assignments and due dates" and in the spreadsheet "Data for Assignment 2". This is a group assignment and you can su ...

1 what is a restricted range and what effect does it have

1. What is a restricted range, and what effect does it have on correlation coefficients? How would you detect and correct a restricted range? 2. How do we know whether a particular score is an outlier?

A family is relocating from st louis missouri to california

A family is relocating from St. Louis, Missouri, to California. Due to an increasing inventory of houses in St. Louis, it is taking longer than before to sell a house. The wife is concerned and wants to know when it is o ...

Throughout the early 1800s the influence of

Throughout the early 1800's the influence of industrialization and the repeated subjugation of Native Indians and slaves caused people to reflect on their role in society and attempt to reform elements of their daily liv ...

Searches related to the time of travel from a persons

Searches related to the time of travel from a person's apartment to the bus station follows a uniform distribution over the interval from 20 to 30 minutes. If he/she leaves home at 9:05AM, what is the probability that he ...

On a 2-d regular not wrapped-around mesh a message from a

On a 2-D regular (not wrapped-around) mesh, a message from a source (X s , Y s ) is to be sent to a destination (X d , Y d ). If any shortest path can be used, what is the probability that the message follows the shortes ...

Develop a research question that addresses one of the

Develop a research question that addresses one of the unknowns in the question: Positive interactions between the CEO and board members lead to enhanced and better performance of the Corporation . Address the following 1 ...

Discuss how a human rights approach may aid or obstruct the

Discuss how a Human Rights Approach may aid or obstruct the resolution of these three themes: 1. Poverty 2. The Syrian Refugee crisis 3. The death penalty For each theme, please make sure you discuss the human rights iss ...

1 why do researchers calculate the coefficient of

1. Why do researchers calculate the coefficient of determination? 2. What does a coefficient of determination of .40 indicate?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen