Suppose that 20% of all homeowners in an earthquake-prone area of California are insured against earthquake dam-age.

Question:

Suppose that 20% of all homeowners in an earthquake-prone area of California are insured against earthquake dam-age. Four homeowners are selected at random. Define the random variable x as the number among the four who have earthquake insurance.
a. Find the probability of x.
b. What is the most likely value of x?
c. What is the probability that at least two of the four selected homeowners have earthquake insurance? 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...