The two (2) information that are essential for completing an initial mortgage loan application include:
- Proof of income.
- Current debts and credit history.
<h2>
What is a mortgage loan?</h2>
A mortgage loan can be defined as a secured loan that is typically used to finance (purchase) or maintain a property in real estate such as a land, home, etc.
<h3>
The feature of a mortgage loan.</h3>
Basically, a mortgage loan is usually provided to a borrower by a mortgage lender or a financial institution (bank) while an immovable asset (collateral) is promised by the borrower to the mortgage lender in the event that payments are stopped.
During the application of a mortgage loan, the borrower uses his or her home as a collateral. Thus, these two (2) information are essential for completing an initial mortgage loan application:
- Current debts and credit history.
Read more on mortgage loan here: brainly.com/question/14311797
Everybody wants to get into college but colleges can accept only so many students each year. Thus, the selection process is run based on students' resumes and letters of recommendation when only the best and the most deserving students are accepted.
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Solar system is the answer. i believe.
Using the binomial distribution, it is found that there is a:
- 0.0036 = 0.36% probability that both are allergic to pollen.
- 0.1164 = 11.64% probability that at least one is allergic to pollen.
<h3>What is the binomial distribution formula?</h3>
The formula is:
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
Researching the problem on the internet, it is found that:
- 6% of the population is allergic to pollen, hence p = 0.06.
- Two people are chosen at random, hence n = 2.
The probability that both are allergic is P(X = 2), hence:
P(X = 2) = 0.06^2 = 0.0036.
0.0036 = 0.36% probability that both are allergic to pollen.
The probability of at least one is:
P(X >= 1) = 1 - P(X = 0) = 1 - 0.94^2 = 1 - 0.8836 = 0.1164.
0.1164 = 11.64% probability that at least one is allergic to pollen.
More can be learned about the binomial distribution at brainly.com/question/24863377
