The probability that the borrowed loan will not be returned is 0.2. Find the probability that among 1000
| June 10, 2021 | education
The probability that the borrowed loan will not be returned is 0.2. Find the probability that among 1000 issued loans there will be more than 70 unpaid loans.
In order to determine the probability of a given condition, you will need to use the probability formula, in which you need to divide the number of known ones by the number of possible options.
1000/70 = 14
We get a 14 percent probability of 70 out of 1000 loans not paid. Now we need to find the probability of 70 loans not being paid out with a 0.2 percent probability of not paying off loans by the company.
14 * 0.2 = 2.8
2.8 probability of not returning 70 credits out of 1000.
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