# Question

Of all mortgage foreclosures in the United States, 48% are caused by disability. People who are injured or ill cannot work—they then lose their jobs and thus their incomes.With no income, they cannot make their mortgage payments and the bank forecloses. Source: http://www.ricedelman.com Given that 20 mortgage foreclosures are audited by a large lending institution, find the probability of the following:

a. Five or fewer of the foreclosures are due to a disability.

b. At least three foreclosures are due to a disability.

a. Five or fewer of the foreclosures are due to a disability.

b. At least three foreclosures are due to a disability.

## Answer to relevant Questions

The increase in Internet usage over the past few years has been phenomenal, as demonstrated by the February 2004 report from the Pew Internet & American Life Project. The survey of Americans 65 or older (about 8 million ...a. When using the exact binomial test what is the interpretation of the situation when the calculated value of P is less than or equal to 0.05? b. When using the exact binomial test, what is the interpretation of the ...According to a September 2008 poll and report done by Pew/Internet, 62% of employed adults use the Internet or e-mail on their jobs. What is the probability that more than 180 out of 250 employed adults use the Internet or ...According to Chebyshev’s theorem, at least how much area is there under the standard normal distribution between z = -2 and z = +2? What is the actual area under the standard normal distribution between z = -2 and z = +2? Based on data from ACT in 2008, the average science reasoning test score was 20.8, with a standard deviation of 4.6. Assuming that the scores are normally distributed, a. find the probability that a randomly selected student ...Post your question

0