Solution) A mortgage company knows that 8% of its loan recipients default within the first five years. To be p
Question: A mortgage company knows that 8% of its loan recipients default within the first five years. To be profitable the company must have no more than 30 out of the next 350 loans default. What is the probability of the company being able to show a profit on the next 350 loans.
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Deliverables: Word Document
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