9% of the customers of a mortgage company default on their payments. A sample of seven...

9% of the customers of a mortgage company default on their payments.

A sample of seven customers is selected.

What is the probability that exactly three customers in the sample will default on their payments?

Round your FINAL answer to the nearest 4 decimal points. For example, 0.0223 or 0.2579

Expert Solution

orchestra answered 2 years ago

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