Loans that are 60 days or more past due are considered


Loans that are 60 days or more past due are considered seriously delinquent. The Mortgage Bankers Association reported that the rate of seriously delinquent loans has an average of 9.1% (The Wall Street Journal, August 26, 2010). Let the rate of seriously delinquent loans follow a normal distribution with a standard deviation of 0.80%

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Basic Statistics: Loans that are 60 days or more past due are considered
Reference No:- TGS0622044

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