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Suppose the manager of a bank's loan department estimates that 0.14 percent of customer are in d efault (not repaying their loan). Suppose you randomly
Suppose the manager of a bank's loan department estimates that 0.14 percent of customer are in default (not repaying their loan). Suppose you randomly select ten customers. Calculate the probability that less than three of the ten randomly selected customers are in default. Enter your answer in decimal form and round to three decimal places. |
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