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Four Percent of the Customers of a Mortgage Company Default

Question 93

Multiple Choice

Four percent of the customers of a mortgage company default on their payments. A sample of five customers is selected. What is the probability that exactly two customers in the sample will default on their payments?


A) 0.2592
B) 0.0142
C) 0.9588
D) 0.7408

Correct Answer:

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