They provide jumbo loans to middle class households. If a customer fails to pay their mortgage and declare bankruptcy the loss is recorded as operational loss. Each operational loss is supposed to be insured with probability 65%. If in 2017, BBGM has 25 customers who declared bankruptcy, what is the probability of BBGM having insurance in 15 or more loans?

Answer rating: 100% (QA)

There is a 00294 probability that B... View the full answer