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iVinArrow [24]
3 years ago
13

A local bank reviewed its credit card policy with the intention of recalling some of its credit cards. In the past approximately

8% of cardholders defaulted, leaving the bank unable to collect the outstanding balance. Hence, management established a prior probability of 0.08 that any particular cardholder will default. The bank also found that the probability of missing a monthly payment is 0.20 for customers who do not default. Of course, the probability of missing a monthly payment for those who default is 1.
a. Given that a customer missed monthly payments, compute the posterior probability that the customer will default (to 3 decimals).


b. The bank would like to recall its credit card if the probability that a customer will default is greater than 0.20. Should the bank recall its credit card if the customer misses a monthly payment? Why or why not?


- Select your answer -
Business
1 answer:
ipn [44]3 years ago
7 0
I think A sorry if i’m wrong
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Answer:

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Option D

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Which factors contribute to the economic growth of newly industrialized countries? (Check all that apply.)
Vesna [10]

Factors contributing to the economic growth of newly industrialized countries are options (a),(b), and(c) i.e, orientation toward exports, political stability, and encouragement of self-employment.

<h3>What are newly industrialized countries?</h3>

The term "newly industrialized country" (NIC) refers to a nation whose national economy has recently shifted from being based mostly on agriculture to being focused primarily on goods-producing industries, such as manufacturing, construction, and mining.

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The complete question is:

which factors contribute to the economic growth of newly industrialized countries? check all that apply.

a. orientation toward exports

b. political stability

c. encouragement of self-employment

d. low rates of domestic savings

To know more about NIC refer to:   brainly.com/question/16556925

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Neporo4naja [7]
The Answer is true. I hope you have a very nice day.
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The right answer for the question that is being asked and shown above is that: "TRUE." Mass production and the concept of interchangeable parts prompted greater development during the Industrial Revolution.
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