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Statistics Assignment | Professional Writing Services

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January 17th, 2020

The Bank of Hawaii reports that 7% of its credit card holders will default at some time in their life. The Hilo branch just mailed out 12 new cards today.

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How many of these new cardholders would you expect to default? What is the standard deviation? (Round your Mean value to 2 decimal places and Standard Deviation value to 4 decimal places.)

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