Historically, 5 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the

Question:

Historically, 5 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database.
(a) What is the probability that none of the next 12 repeat customers who call will have an incorrect address?
(b) One customer?
(c) Two customers?
(d) Fewer than three?
(e) Construct the probability (using Excel or Appendix A), make a graph of its PDF, and describe its shape. 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...