Ms. Bergen, a loan officer at Coast Bank and Trust, estimates a probability of 0.025 that an applicant will default on an installment loan. Last month she made 40 loans. a. What is the probability that 3 loans will be defaulted? b. What is the probability that at least 3 loans will be defaulted? O a 0.1281 and b = 0.4478 a = 0.4521 and b = 0.2258 a=0.1281 and b = 0.1178 a a 0.5281 and b = 0.1178

Ms. Bergen, a loan officer at Coast Bank and Trust, estimates a probability of 0.025 that an applicant will default on an installment loan. Last month she made 40 loans. a. What is the probability that 3 loans will be defaulted? b. What is the probability that at least 3 loans will be defaulted? O a 0.1281 and b = 0.4478 a = 0.4521 and b = 0.2258 a=0.1281 and b = 0.1178 a a 0.5281 and b = 0.1178

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter12: Probability

Section12.CR: Chapter 12 Review

Problem 15CR

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