SOLUTION: The San Diego Union Tribune reported student loan default rates for private, for-profit colleges in San Diego County (July 10, 2012). One university in particular, Bridgepoint, ha

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Question 630474: The San Diego Union Tribune reported student loan default rates for private, for-profit colleges in San Diego County (July 10, 2012). One university in particular, Bridgepoint, had a 15.3 percent loan-default rate.
Suppose 10 Bridgepoint students with student loans are sampled. What is the standard deviation of the distribution of the number of students who will default on these loans?
Answer
.1530
.1877
1.1384
1.2369
1.2959
1.530
1.6794
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
 

Hi,

 Note:  SD = sqrt%28npq%29

15.3 percent loan-default rate, sample of 10

SD = sqrt%2810%2A.153%2A.847%29