LS2011: A bank has a test designed to establish the credit rating of a loan applicant. Of the persons, who default

$1.99

SKU: bf8ef7d24819

Downloadable Assignment Solution

Buy this solution and download mba assignment solution instantly after secured payment.

Question: A bank has a test designed to establish the credit rating of a loan applicant. Of the persons, who default
(D), 90% fail the test (F). Of the persons, who will repay the bank (ND), 5%
fail the test. Furthermore, it is given that 4% of the population is not worthy of credit; i.e., P(D) = .04. Given that someone failed the test, what is the probability that he actually will default (When given a loan)?


Complete MBA Assignments Solution

You can buy complete assignment solution. Visit yours university link from top menu and buy online. You can also post your assignment requirement through email, so our expert assignments tutor will solved your problem.

Answer Blurr Actual Answer after purchase