What is the probability that 3 or fewer applicants

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Ms. Fernandez is an executive in the financial analysis department of a bank identity, based on her years of experience, she calculates that the probability that an applicant will not pay an initial loan is 0.025. Last month the bank identity managed 40 loans. What is the probability that 3 or fewer applicants will not pay off the initial loan?

Reference no: EM132845582

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