Question

An office processes a continuous stream of loan applications. The mean approval rate for the applications is equal to 0.920 (92.0%). The mean failure rate of 0.080 (8.0%) is randomly distributed throughout the population of applications. For quality purposes the office randomly selects 10 applications per week and counts the number of rejected applications. Complete the probability distribution table below.

Enter your answers rounded to the fifth decimal place (#.#####).

Number rejected	Probability
0
1
2
3
4 or more

Answer 1