Four Percent of the Customers of a Mortgage Company Default

question 24

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) .2592
• B) .0142
• C) .9588
• D) .7408

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Definitions:

Homosexual Attraction

The emotional, romantic, or sexual attraction to members of the same gender.

Heterosexual Attraction

The emotional, romantic, or sexual attraction to members of the opposite gender.

Immediate Reward

Immediate reward refers to a benefit or gratification received right after completing an action, often influencing behavior and decision-making processes due to its instant satisfaction.

Delayed Reward

A benefit or payoff that is received after a certain period of time has passed, often used in the context of behavior modification or psychology.