Small Business Loan The probability that a bank with assets greater than or equal to $30 billion will make a loan to a small business is 0.002. What are the odds against such a bank making a small business loan? (Source: The Wall Street Journal analysis of CA1 Reports filed with federal banking authorities.)

Ibrahim Rosales

Ibrahim Rosales

Answered question

2022-07-30

Small Business Loan The probability that a bank with assets greater than or equalto $30 billion will make a loan to a small business is 0.002. What are the oddsagainst such a bank making a small business loan? (Source: The Wall Street Journalanalysis of CA1 Reports filed with federal banking authorities.)

Answer & Explanation

dtal50

dtal50

Beginner2022-07-31Added 10 answers

Small Business Loan The probability that a bank with assets greater than or equal to $30 billion will make a loan to a small business is 0.002. What are the odds against such a bank making a small business loan? (Source: The Wall Street Journal analysis of CA1 Reports filed with federal banking authorities.
The probability that a bank with assets greater than or equal
to $30 billion will make a loan to a small business is 0.002. ...THAT IS ......2 / 1000............
OR .....2 IN A THOUSAND ...............
THAT IS FOR 2 SUCESSES THERE ARE 1000-2= 998 FAILURE ....
HENCE the odd against such a bank making a small business loan ARE ...
= NO.OF FAILURES / NO. OF SUCCESSES = 998 / 2 = 499......ANSWER.........................

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