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mezya [45]
3 years ago
14

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

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
Mathematics
1 answer:
Nina [5.8K]3 years ago
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

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