Records over the past year show that 1 out of 350 loans made by Mammon Bank have
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Records over the past year show that 1 out of 350 loans made by Mammon Bank have defaulted. Find the probability that 2 or more out of 300 loans will default. Is it appropriate to use the Poisson approximation to the binomial distribution?
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Related Book For 
Understandable Statistics Concepts And Methods
ISBN: 9781337119917
12th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
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