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QUESTION
An economist in Kenya argued that 3.5% of all SMEs would file for bank loans next year. For a random sample of 100 SMEs, estimate the probability that at least three will file bank loans next year. As
An economist in Kenya argued that 3.5% of all SMEs would file for bank loans next year. For a random sample of 100 SMEs, estimate the probability that at least three will file bank loans next year. Assuming that the economist’s prediction is correct.
