A report issued by the American Association of Building Contractors indicates that 40% of all home buyers

Question:

A report issued by the American Association of Building Contractors indicates that 40% of all home buyers will do some remodeling to their home within the first five years of home ownership. Assuming this is true, use the binomial to determine the probability that in a random sample of 20 homeowners, 2 or fewer will remodel their homes. Use the binomial table. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...