According to the Mortgage Bankers Association, 8% of U.S. mortgages were delinquent in 2011. A delinquent mortgage is one that h

Question

3 years ago

9

According to the Mortgage Bankers Association, 8% of U.S. mortgages were delinquent in 2011. A delinquent mortgage is one that h

as 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 fewer than three of these mortgages are delinquent?

Mathematics

1 answer:

artcher [175] · Answer 1 · 2022-03-29T10:04:59+03:00

artcher [175]3 years ago

3 0

Answer:

0.978899514

Step-by-step explanation:

Please see attachment .