An economist in Kenya argued that 3.5% of all SMEs would file for bank loans next year. For a random sample of 100 SMEs, estimate the probability that at least three will file bank loans next year. Assuming that the economist’s prediction is correct.

An economist in Kenya argued that 3.5% of all SMEs would file for bank loans next year. For a random sample of 100 SMEs, estimate the probability that at least three will file bank loans next year. Assuming that the economist’s prediction is correct.

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