SOLUTION: The bank of of Hawaii reported that 7% of its credit card holders will default at some time in their life. the Hilo branch just mailed out 12 new card what is the likelywood that

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Question 210184This question is from textbook Statistical Techniques
: The bank of of Hawaii reported that 7% of its credit card holders will default at some time in their life. the Hilo branch just mailed out 12 new card
what is the likelywood that none of the card holder will default
A)How many of these cards do you expect to default? What is the standard deviation
B) What is the likelyhood that none of the card holder will default
C) What is the likelyhood that at least one will default
This question is from textbook Statistical Techniques

Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Answered earlier today.
Cheers,
Stan H.