Based on past experience, a bank believes that 4% of the people who receive loans will not make payments on time. The bank has recently approved 300 loans. What is the mean of the sampling distribution of the proportion of clients in this group who may not make timely payments

Question

Mathematics

Triston Harding

21 May, 12:31

Based on past experience, a bank believes that 4% of the people who receive loans will not make payments on time. The bank has recently approved 300 loans. What is the mean of the sampling distribution of the proportion of clients in this group who may not make timely payments

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Dante Nunez · Answer 1

Mean = 0.04

Step-by-step explanation: given that P = 4%

n = 300

the mean of the sampling distribution of the proportion of clients in this group who may not make timely payments will be

4 / 100 = 0.04