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OpenStudy (anonymous):
Bev is a loan officer at a privately owned bank. From years of experience, Bev knows that 85% of auto loan applications are approvable. Bev has recently received 14 auto loan applications that she must examine. (a) What is the probability that all 14 applications are approvable? (b) What is the probability that at least one application must be rejected? Round to four decimal places
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