Answer:
And replacing we got:
Step-by-step explanation:
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
And we can find this probability:
And we can solve this probability like this:
And if we use the probability mass function we got:
125/100 X 105 = 131.25
loan total = $131.25