Based on Past Experience, a Bank Believes That 6% of the People

question 7

Multiple Choice

Based on past experience, a bank believes that 6% of the people who receive loans will not make payments on time.The bank has recently approved 300 loans.What is the standard deviation of the proportion of clients in this group who may not make timely payments?

• A) \(\sigma = 1.88 \%\)
• B) \(\sigma = 1.41 \%\)
• C) \(\sigma = 1.37 \%\)
• D) \(\sigma = 4.11 \%\)
• E) \(\sigma = 4.24 \%\)

---

Definitions:

Molecular Dipole Moment

A measure of the separation of positive and negative electrical charges within a molecule, influencing molecular interactions.

Alkyl Halides

Organic compounds containing a halogen atom bonded to an aliphatic carbon chain.

Lowest Boiling Point

The temperature at which a substance transitions from a liquid to a gas state, being the lowest among a group of substances.

T-butyl Chloride

A compound consisting of a tertiary butyl group attached to a chlorine atom, used in organic synthesis, particularly in nucleophilic substitution reactions.