Recently, FHA mortgages, which are insured by the federal government, accounted for 28% of all home- purchase mortgages that were approved. A random sample of 150 mortgage applications was selected. What is the probability that 48 or more from this sample were insured by the FHA?
A)0.2291
B)0.1379
C)0.3974
D)0.1915

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The Answer of Recently, FHA mortgages, which are insured by the federal government, accounted for 28% of all home- purchase mortgages that were approved. A random sample of 150 mortgage applications was selected. What is the probability that 48 or more from this sample were insured by the FHA?
A)0.2291
B)0.1379
C)0.3974
D)0.1915

Recently, FHA Mortgages, Which Are Insured by the Federal Government