Probability based on binomial distribution.
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The probability of obtaining a home equity loan from United Bank is 0.40.
A random sample of 10 applications was selected. Find the probability that at least five will get a loan.
Use the attached binomial probability distribution table 3A
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Step by step method for computing probability based on binomial distribution
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Applied managerial statistics
The probability of obtaining home equity loan from United Bank is 0.40
A random sample of 10 ...
Purchase this Solution
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