To See Whether a Bank Has Enough Minority Construction Company

question 56

Multiple Choice

To see whether a bank has enough minority construction company loans, a social agency selects 31 loans to construction companies at random and finds that 4 of them are loans to minority companies. If the bank's claim that 10 of every 100 of its loans to construction companies are minority loans is true, what is the probability that 4 loans out of 31 are minority loans? Leave your answer with combination symbols. ​

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Definitions:

Slope

is a measure of the steepness or inclination of a line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Positive

Expressing or implying affirmation, agreement, or permission; in economics, may refer to aspects such as positive externalities or positive growth rates.

Decreasing

Refers to a situation where a quantity or level is going down or diminishing over time.

Positive

A term often used in economics and finance to denote values or changes that signify growth, improvement, or gains.