What is the probability of one customer

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A computerised accounting information system (AIS) automatically checks to see if the customer has exceeded his or her credit limit. Past records indicate that the probability of customers exceeding their credit limit is 0.05. Suppose that 20 customers place orders.

i. What is the probability that at least one customer will exceed his or her credit limit?

ii. Calculate the mean and the standard deviation of the number of customers who exceed their credit limit.

Reference no: EM132946338

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