Question

21. Loans Based on past experience, a bank believes that 7% of

Answer 1

Answer:

Step-by-step explanation:

Mean 0.7 and standard deviation 0.018

p = 0.07

n = 200

q = 1 - 0.07 which = 0.93

u = 0.07

o = (p * q) / n = $\sqrt{(0.07)(0.93)/200}$ = 0.018