1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Colt1911 [192]
4 years ago
13

Four percent of the customers of a mortgage company default on their payments. a sample of five customers is selected. what is t

he probability that exactly two customers in the sample will default on their payments?
Business
1 answer:
Maurinko [17]4 years ago
8 0
We can use the formula for binomial distribution in calculating for the probability that exactly two customers out five will default on their payments.

The formula is:   P(r) = nCr*q^(n-r)*p^r   
Where:
n = sample size, 5
r = successes, 2
q = failure rate, 96% = 0.96
r = success rate, 4% = 0.04  

Substituting on the formula:
P = 5C2*0.96^3*0.04^2 
<span>P = 0.0142 or 1.42%</span>
You might be interested in
Companies use technology cycles and innovation streams for which of the following purposes? A. To create a competitive advantage
Anastaziya [24]

Answer:

A. To create a competitive advantage.

Explanation:

One of the most efficient and effective ways for a company to create a competitive advantage is through the use of technology cycles and innovation streams.

This methods most likely lead to the development of either new products or services, or the improvement of existing products or services, leading to a competitive advtange over competitors, either in terms of price, quality, or both.

8 0
4 years ago
Create a step-by-step international negotiation plan for how you would approach business with Japan
avanturin [10]
1. Learn Japanese or get a translator
2. Buy lots of stock in Japanese video games like Dance Dance Revolution or Nintendo products
3. Make a lot of anime tv shows
4. Make sure to tell the government what you’ll do to insure they know isn’t illegal
5. Get that fat city wok cash
6 0
2 years ago
A partial listing of costs incurred at archut corporation during september appears below: direct materials $ 113,000 utilities,
Murrr4er [49]

Calculation of Total Manufacturing Overhead Costs:


Manufacturing overhead costs are indirect costs incurred in relation to the production.

From the given information manufacturing overhead costs shall include factory Utilities $5,000, Indirect labor $ 25,000, depreciation of production equipment $ 20,000


Hence the Total Manufacturing Overhead Costs shall be (5000+25000+20000)=<u>$50,000</u>




5 0
3 years ago
Cash cows are typically found in the _________ stage of the industry life cycle.
barxatty [35]

Cash cows are typically found in the Maturity stage of the industry life cycle.

What is industry life cycle?

A business or industry's development based on its stages of growth and decline is referred to as going through its industrial life cycle. The four stages of an industry's life cycle are introduction, growth, maturity, and decline.

How is the industry life cycle used?

An industry's life cycle has four phases: expansion, peak, contraction, and trough. Where a firm is in the cycle will be determined by the analyst, who will then utilize this knowledge to forecast future financial performance and calculate forward valuations (e.g., forward price-earnings ratios).

Why is industry life cycle important?

You can learn vital information from industry cycles about supply networks, corporate strategy, and earnings as well as growth possibilities, opportunities, and obstacles. The business cycle has an impact on both firm strategy and earnings.

Learn more about industry life cycle: brainly.com/question/28072264

#SPJ4

6 0
1 year ago
Jill follows mcgregor's theory y approach to management. she is likely to assume that:
Lena [83]

If Jill engage or follow the theory of mcgregor in terms of approaching management, then she is likely to assume that a worker or an average worker would prefer to be directed in which they would rather to be ordered or consulted directly.

6 0
3 years ago
Other questions:
  • Backstreets Co. recently acquired all of Jungleland, Inc.'s net assets in a business acquisition. The cash purchase price was $7
    12·1 answer
  • Jim recently graduated from college. His income increased dramatically;from$5000 a year to $60,000 a year. Jim decides that inst
    14·1 answer
  • A financial fee that investors and other financial institutions charge for the use of their money is called
    11·2 answers
  • Why has email communication grown so quickly as a business tool?
    14·2 answers
  • Which of the following describes one advantage of living in an urban area?
    9·2 answers
  • Jim is beginning his research on franchise businesses in order to find one that meets his needs. A quick, easy way to get genera
    9·1 answer
  • Selecting the Government Rate from a U.S. Government Rental Car Program vendor will result in a daily fee that provides you with
    6·1 answer
  • Suppose that the amount of time it takes to build a highway varies directly with the length of the highway and inversely with th
    9·1 answer
  • Kiosk Jewelers borrows from Lender Inc. and Mortgage Company, using the same collateral. Only Mortgage Company has a perfected s
    7·1 answer
  • Female executives in international business have workplace challenges due to gender biases in some countries. For this reason, s
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!