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4) CT Bank records show that 75% of its car loans are completely repaid. Analysis on the unpaid loans show that 85% were made to
4) CT Bank records show that 75% of its car loans are completely repaid. Analysis on the unpaid loans show that 85% were made to applicants who had been employed at their present jobs for less than two years. Of the repaid loans, 25% were made to applicants who had been employed at their present jobs for less than two years. (a) Draw a tree diagram for the above problem. (b) What is the probability that a particular loan applicant would have been employed at his or her job for less than two years? (c) Given that a particular loan applicant has spent one year on the present job, what is the probability that this person will repay the loan
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