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Your Bank is currently redesigning the loans it offers and is consider introducing an additional credit check on applicants. Your data show that at present
- Your Bank is currently redesigning the loans it offers and is consider introducing an additional credit check on applicants. Your data show that at present only 80% of the loans are paid off, while the remainder are defaulted. If the new credit check is implemented, Your Bank estimates that the probabilities can be revised as follows:
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