Fifty-Five Percent of the Applications Received for a Particular Credit

question 37

Essay

Fifty-five percent of the applications received for a particular credit card are accepted. Among the next twelve applications,
a.what is the probability that all will be rejected?
b.what is the probability that all will be accepted?
c.what is the probability that exactly 4 will be accepted?
d.what is the probability that fewer than 3 will be accepted?
e.Determine the expected number and the variance of the accepted applications.

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Definitions:

AlarmClock Class

A hypothetical or specific class representation in programming that simulates the functionalities of an alarm clock, such as setting and triggering alarms.

Derived Classes

Classes that extend the functionality of an existing class by inheriting its attributes and methods.

Parent And Child Classes

Refers to the relationship in object-oriented programming where one class (the parent) is extended by another class (the child).

Base Classes

Classes in object-oriented programming that act as foundational elements from which other classes (derived classes) can inherit properties and methods.