A recent study suggested that, of all current credit users of 100,000, 6.5% either paid no penalty
Question:
A recent study suggested that, of all current credit users of €100,000, 6.5% either paid no penalty interest rate or paid an effective rate of less than 12%. A random sample of 100 of those reporting credit in excess of €100,000 was taken. What is the probability that more than two of the sample credit users either paid no penalty interest or paid penalty interest of less than 10%?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted: