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As accounts manager in your company, you classify 75% of your customers as "good credit" and the rest as "risky credit" depending on their credit rating. Customers in the
"risky" category allow their accounts to go overdue 50% of the time on average, whereas
Those in the "good" category allow their accounts to become overdue only 10% of the
Time. What percentage of overdue accounts are held by customers in the "risky credit"
Category?
Exponential Decay
A process described by a decrease in quantity at a rate proportional to its current value, often observed in radioactive decay and depreciation of assets over time.
Complex Arithmetic
Mathematical operations that involve complex numbers, including addition, subtraction, multiplication, and division, where complex numbers are numbers with both real and imaginary parts.
Fraction Notation
A way of expressing a portion of a whole, using two numbers divided by a bar or slash, where the top number (numerator) is divided by the bottom number (denominator).
Exponential Notation
A mathematical way to express repeated multiplications of a number by itself, commonly written as a base raised to the power of an exponent.
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