Based on past experience, a bank believes that 4% of the people who receive loans will not make payments on time. The bank has r

Question

3 years ago

14

ecently approved 300 loans. What is the mean of the sampling distribution of the proportion of clients in this group who may not make timely payments

1 answer:

Nina [5.8K] · Answer 1 · 2022-05-05T17:48:03+03:00

4 0

Answer:

Mean = 0.04

Step-by-step explanation: given that P = 4%

n = 300

the mean of the sampling distribution of the proportion of clients in this group who may not make timely payments will be

4/ 100 = 0.04