Question: Please someone help me with this one! Question 1 (3 points) A local bank reviewed its credit-card policy with the intention of recalling some of

Question 1 (3 points) A local bank reviewed its credit-card policy with the intention of recalling some of its credit cards. In the past, approximately 7% of cardholders defaulted, leaving the bank unable to collect the outstanding balance. The bank also found that the probability of missing a monthly payment is 0.30 for customers who do not default. Of course, the probability of missing a monthly payment for those who default is 1. Let D1 = Default D2 - No default M = missed payment a. What is the probability that any particular cardholder would NOT default, P(D2)? Keep two decimal places. P(D2) = PM n D2) = (keep two decimal places) PM n D1) (keep two decimal places) MacBook Air 80 000 000 F4 00 F7 Du FB F6 F9 30 A 4 LO & 7 6 0 (keep two decimal places) A PM n D1) = (keep two decimal places) > P (D1 M) = (keep two decimal places) A The bank would like to recall its credit card if the probability that a customer will default is greater than 0.25. Should the bank recall its credit card if the customer misses a monthly payment (yeso)? A Submit Quiz O of 1 questions saved MacBook Air 80 DOO F4 DIS FB F7 FO # 4 5 & 7 6 9 0
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