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From past records of personal loans the Check$mart Bankfound that 10% of borrowers default on their loan that is, they fail to pay. It also
From past records of personal loans the Check$mart Bankfound that 10% of borrowers default on their loan that is, they fail to pay. It also found that, of those who default, 32% are unemployed while, of those who do not default, only 2% are unemployed.a. What percentage of unemployed borrowers default? b. What proportion of borrowers are unemployed? c. What proportion of borrowers who are not unemployed donot default?
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