A bank has designed to establish the credit rating of a loan application If the persons who

Question:

A bank has designed to establish the credit rating of a loan application If the persons who default (d) 90% fail the test. (F)Of the persons who will repay the bank (ND) 5% fail the test Furthermore it is given that 4% of the population is not worthy of credit. Given that someone failed the test what is the probability that the he will actually will default.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Quantitative Analysis For Management

ISBN: 162

11th Edition

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

Question Posted: