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A customer defaults on loan repayment, probability he availed the variable rate of interest? 5 дней назад


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A customer defaults on loan repayment, probability he availed the variable rate of interest?

A bank offers loan to its customers on different types of interest namely, fixed rate, floating rate and variable rate. From the past data with the bank, it is known that a customer avails loan on fixed rate, floating rate or variable rate with probabilities 10%, 20% and 70% respectively. A customer after availing loan can pay the loan or default on loan repayment. The bank data suggests that the probability that a person defaults on loan after availing it at fixed rate, floating rate and variable rate is 5%, 3% and 1% respectively. What is the probability that a customer after availing the loan will default on the loan repayment? A customer after availing the loan, defaults on loan repayment, What is the probability that he availed the loan at a variable rate of interest? cbse 12th maths old board exam question paper 2024 2025 probability bayes theorem total probability #cbsemaths #maths #mathematics #math #cbse #cbse12maths #bayestheorem

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