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3. Historically a bank expects about 5% of its borrowers to default [not repay). The bank currently,F has 250 loans outstanding. ulhat is the probability

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3. Historically a bank expects about 5% of its borrowers to default [not repay). The bank currently,F has 250 loans outstanding. \"ulhat is the probability that no more than 15 of the outstanding 250 loans will default? You may use Minitab or Excel (or any other appropriate software) to answer this

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