Question: (10 points)- The following information describes a binomial probability distribution.

Suppose 13 percent of all credit card holders eventually become delinquent. Suppose we select a random sample of 10 credit card holders. Find the probability that:

1. Exactly 2 become delinquent: P (2) = _____
2. 3 or 4 become delinquent: P (3 or 4) = _____
3. 1 becomes delinquent: P (1) = _____
4. The mean of the probability distribution is = ____
5. The standard deviation of the probability distribution is = ____

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document