Historically, the Default Rate on a Certain Type of Commercial

question 8

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

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Definitions:

Pediatric Disorders

Health conditions and diseases that occur in infants, children, and adolescents.

Incidence

The occurrence, rate, or frequency of a disease, crime, or something else undesirable within a population.

Failure to Thrive

A medical condition observed in children who are significantly below standard growth and weight measures for their age.

Face-to-face Posture

A position or orientation where two individuals have their faces and bodies turned towards each other, often used in direct communication.