Mathematics, 27.09.2019 22:00 ineedhelp2285
Ms. bergen is a loan officer at coast bank and trust. from her years of experience, she estimates that the probability is .025 that an applicant will not be able to repay his or her installment loan. last month she made 40 loans. use the poisson approximation to the binomial.
a. what is the probability that three loans will be defaulted?
b. what is the probability that at least 3 loans will be defaulted?
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Ms. bergen is a loan officer at coast bank and trust. from her years of experience, she estimates th...
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