Question: 6. In Problem 3, Set 17.1a, (a) Determine the expected number of quarters until a debt is either repaid or lost as bad debt. (b)

6. In Problem 3, Set 17.1a,

(a) Determine the expected number of quarters until a debt is either repaid or lost as bad debt.

(b) Determine the probability that a new loan will be written off as bad debt. Repaid in full

(c) If a loan is six months old, determine the number of quarters until its status is settled.

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