. bank found that 25% of its loans to new small business become delinquent. Ten small business are selected randomly from the bank's files. a) what is probability that three of them are delinquent? b) what is the probability that at least three of the
. bank found that 25% of its loans to new small business become delinquent. Ten small business are selected randomly from the bank's files. a) what is probability that three of them are delinquent? b) what is the probability that at least three of the
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 5ECP: In Example 5, what is the probability that an institution selected at random is in the Pacific...
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Question 7:
A. bank found that 25% of its loans to new small business become delinquent. Ten small business are selected randomly from the bank's files.
a) what is
b) what is the probability that at least three of them are delinquent?
c) what is the expected delinquency?
B. Geometric Distribution
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