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12 = 88% and solving for p, we get p = 1.06%. Therefore Choice 'd' is the correct answer.

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NEW QUESTION: 1
Currently, what is ZTE's mainstream solution for subway transmission?
A. OTN
B. MSTP(embedded RPR)
C. Enhanced MSTP
D. PTN
Answer: B

NEW QUESTION: 2
Which application can be used to show available resources in an IP500 V2?
A. Monitor
B. IP Office Manager
C. System Status Application
D. DbgView
Answer: C
Explanation:
References:
https://downloads.avaya.com/css/P8/documents/100150298 Page: 9

NEW QUESTION: 3
If a borrower has a default probability of 12% over one year, what is the probability of default over a month?
A. 12.00%
B. 1.06%
C. 2.00%
D. 1.00%
Answer: B
Explanation:
Explanation
Let the probability of default over a month be p. Therefore the probability of survival at the end of 12 months would be (1 - p)

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