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Erin O'Brien, Director of Consumer Credit with Auckland First Bank (AFB), has implemented a 'fast feedback' to keep her informed of the default rate on

Erin O'Brien, Director of Consumer Credit with Auckland First Bank (AFB), has implemented a 'fast feedback' to keep her informed of the default rate on personal loans at AFB member banks. On each Friday, the default rate is calculated for a sample of 500 personal loans. Last Friday's sample contained 30 defaulted loans. The 90% confidence interval for the population proportion is

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