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Based on past experience, a bank believes that 8 % of the people who receive loans...

Based on past experience, a bank believes that 8 % of the people who receive loans will not make payments on time. The bank has recently approved 200 loans.

What must be true in order to approximate the sampling distribution with a normal model?

What are the mean and standard deviation of this model? mean =

standard deviation (accurate to 3 decimal places) =

What is the probability that over 10% of these clients will not make timely payments?

Math   Statistics-And-Probability   
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