(See Steps) Find the specified probability, from a table of Normal probabilities. Based on past experience, a bank believes that 4% of the people who receive
Question:
Find the specified probability, from a table of
Normal
probabilities.
Based on past experience, a bank believes that 4% of the people who receive loans will not make payments on time. The bank has recently approved 300 loans. What is the probability that over 6% of these clients will not make timely payments?
Deliverable: Word Document 