The Bank of Hawaii reports that 7% of its credit card holders will default at some time
Question:
a. How many of these new cardholders would you expect to default? What is the standard deviation?
b. What is the likelihood that none of the cardholders will default?
c. What is the likelihood at least one will default?
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Related Book For 
Statistical Techniques In Business And Economics
ISBN: 356
16th Edition
Authors: Douglas Lind, William Marchal
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