a. What is the probability that the students loan will be approved by the bank within the

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a. What is the probability that the student’s loan will be approved by the bank within the next three months?

b. If there is a 0.75 probability to get the loan, what is the probability that the bank interest rate will remain the same?

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Statistics For Business And Economics

ISBN: 9781292315034

9th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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Question Posted: Nov 11, 2022 12:32 AM

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a. What is the probability that the students loan will be approved by the bank within the

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