Multiple Choice
Historically, the default rate on a certain type of commercial loan is 20 percent. If a bank makes 100 of these loans, what is the approximate probability that at least 26 will result in default?
A) 0.2000
B) 0.0668
C) 0.0846
D) 0.0336
Correct Answer:
Verified
Correct Answer:
Verified
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