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At the Bank of California, past data show that 8% of all credit card holders default at sometime in their lives. On one recent day,
At the Bank of California, past data show that 8% of all credit card holders default at sometime in their lives. On one recent day, this bank issued 12 credit cards to new customers. Find the probability that of these 12 customers, eventually: a) exactly 3 will default b) at most two will default c)none will default
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