The default rate on government-guaranteed student loans at a certain public four-year institution is 7 percent. (a)

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The default rate on government-guaranteed student loans at a certain public four-year institution is 7 percent.
(a) If 1,000 student loans are made, what is the probability of fewer than 50 defaults?
(b) More than 100? Show your work carefully.

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Applied Statistics In Business And Economics

ISBN: 9780073521480

4th Edition

Authors: David Doane, Lori Seward

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Question Posted: Aug 19, 2015 04:33 AM

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The default rate on government-guaranteed student loans at a certain public four-year institution is 7 percent. (a)

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Applied Statistics In Business And Economics

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