Multiple Choice
Based on past experience,a bank believes that 9% of the people who receive loans will not make payments on time.The bank has recently approved 300 loans.Describe the sampling distribution model of the proportion of clients in this group who may not make timely payments.
A) Binom(300,9%)
B) N(9%,0.5%)
C) N(91%,1.7%)
D) N(9%,1.7%)
E) There is not enough information to describe the distribution.
Correct Answer:
Verified
Correct Answer:
Verified
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