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Let's say that you are the Business Analytics Head at a national bank. From the historical data, you have determined that there is a 0.33

Let's say that you are the Business Analytics Head at a national bank. From the historical data, you have determined that there is a 0.33 probability that a customer would default on a particular loan. Now, what is the probability that out of the next two customers who apply for the same loan, both would not default on the loan?

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