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Three Percent of the Customers of a Mortgage Company Default

Question 23

Multiple Choice

Three 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) 0.0003
B) 0.0082
C) 0.0077
D) 0.0008

Correct Answer:

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