SOLUTION: The default rate on government-guaranteed student loans at a certaing public 4-year institution is 7% (a) If 1,000 student loans are made, what is the probability of fewer than 50
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Question 128741: The default rate on government-guaranteed student loans at a certaing public 4-year institution is 7% (a) If 1,000 student loans are made, what is the probability of fewer than 50 defaults? (b) More than 100? Show your work carefully.
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