Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Taylor found that 8% of the recipients of loans form a particular mortgage lender default within 3 years.
Taylor found that 8% of the recipients of loans form a particular mortgage lender default within 3 years. If he takes a random sample of 736 customers who received loans 3 years ago, what is the average number of customers who have defaulted?