The probability of a bank customer defaulting on a loan is 2%. The probability of a bank

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The probability of a bank customer defaulting on a loan is 2%. The probability of a bank customer renegotiating a loan is 6%. The probability of a bank customer doing nothing is 92%.
What is the probability that in a set of 12 bank customers 3 will default, 2 will renegotiate, and 7 will do nothing? 

  • 11 years ago
The probability of a bank customer defaulting on a loan is 2%. The probability of a bank
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