Ms. Bergen, a loan officer at Coast Bank and Trust, estimates a probability of0.025 that an applicant will default on an installment loan. Last month shemade 40 loans.a. What is the probability that 3 loans will be defaulted?b. What is the probability that at least 3 loans will be defaulted?O a 0.1281 and b = 0.4478a = 0.4521 and b = 0.2258a=0.1281 and b = 0.1178a a 0.5281 and b = 0.1178

Answered: Image /qna-images/answer/476cb297-4e9d-41fa-8f04-2a6bfee272f3.jpg

Answered: Ms. Bergen, a loan officer at Coast…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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