![SOLVED: Suppose an FI manager wants to find the probability of default on a two-year loan. For the one-year loan, 1 - p1 = 0.03 is the marginal and total or cumulative SOLVED: Suppose an FI manager wants to find the probability of default on a two-year loan. For the one-year loan, 1 - p1 = 0.03 is the marginal and total or cumulative](https://cdn.numerade.com/ask_previews/92d53576-1f8a-47f8-a0c8-6ccb9f674fa4_large.jpg)
SOLVED: Suppose an FI manager wants to find the probability of default on a two-year loan. For the one-year loan, 1 - p1 = 0.03 is the marginal and total or cumulative
![Estimating probabilities of default of different firms and the statistical tests | Journal of Global Entrepreneurship Research Estimating probabilities of default of different firms and the statistical tests | Journal of Global Entrepreneurship Research](https://media.springernature.com/m685/springer-static/image/art%3A10.1186%2Fs40497-019-0152-8/MediaObjects/40497_2019_152_Fig1_HTML.png)
Estimating probabilities of default of different firms and the statistical tests | Journal of Global Entrepreneurship Research
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