Mathematics, 23.07.2021 05:40 npellot123
Based on past experience, a bank believes that 11% of the people who receive loans will not make payments on time. The bank has recently approved 100 loans. Answer the following questions.
a) What are the mean and standard deviation of the proportion of clients in this group who may not make timely payments?
b) What assumptions underlie your model? Are the conditions met?
c) What is the probability that over 17% of these clients will not make timely payments?
Answers: 3
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Based on past experience, a bank believes that 11% of the people who receive loans will not make p...
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