document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=982025>Question 982025</A>: <I><SPAN STYLE=\"word-break: break-all;\"> according to the mortgage banker association, 8% of U.S. mortgages were delinquent in 2011. a random sample of eight mortgages was selected. what is the probability that one or more of these mortgages is delinquents? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #602890 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=602890\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> according to the mortgage banker association, 8% of U.S. mortgages were delinquent in 2011. a random sample of eight mortgages was selected. what is the probability that one or more of these mortgages is delinquents?<BR>\n" );
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document.write( "Binomial Problem with n = 8 and p(delinquent) = 0.08<BR>\n" );
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document.write( "P(at least one) = 1 - P(none)<BR>\n" );
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document.write( "P(1<= x <=8) = 1 - P(x=0) = 1 - 0.92^8 = 1 - 0.5132 = 0.4868<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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