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Mathematics, 23.07.2021 05:40 npellot123

Based on past​ experience, a bank believes that 11​% of the people who receive loans will not make payments on time. The bank has recently approved 100 loans. Answer the following questions. ​a) What are the mean and standard deviation of the proportion of clients in this group who may not make timely​ payments?
​b) What assumptions underlie your​ model? Are the conditions​ met?
c) What is the probability that over 17​% of these clients will not make timely​ payments?

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