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Before making an unsecured loan to an individual a bank orders a report on the applicant's credit history. To justify making the loan, the bank must find the applicant's credit record to be satisfactory. Describe the bank's decision. What are the bank's objectives? What risk does the bank face? What role does the credit report play? Draw an influence diagram of this situation. (Hint: Your influence diagram should include chance nodes for a credit report and for eventual default.) Finally, be sure to specify everything (decisions, chance events, objectives) in your model clearly enough to pass the clarity test.
Determine the probability that the project will be completed in 70 days or less.
What is the probability that booking will require less than 2 hours? What is the probability that booking will require between 2 and 5 hours? What is the probability that booking will require more than 5 hours?
A USA Today Snapshot summarized the results of a 'State of the Kid' survey conducted by the Highlights magazine. A total of 500 children were surveyed, 200 were considered young kids (with ages 9-10 years old) and 300 were older (with ages 11-14 yea..
These data are presented below. Should the manager be given an increase in staff? Why or why not? Please show your work.
Find the linear regression model for the South Central states. How does the equation for the South Central states compare to the one you found for the North Central states?
the mean of a normal probability distribution is 60 the standard deviation is 5. refer to the table in appendix a.1.
three experiments delving into the relationship between the neccecisity for cognitive closure and persuasion were
question a professor in the psychology department would like to determine whether there has been a significant change
If x is a binomial random variable where n = 100 and p = .1, find the possibility that x is less than or equal to 10 using the normal approximation to the binomial.
Assuming that the data come from a normal population, construct a 95% con?dence interval for the population mean μ of the ages of the employees of this university. Interpret your answer.
a test consists of 10 true or false questions. to pass the test a student must answer at least eight questions
Let X be a random variable representing the time between successive arrivals at a checkout counter in a supermarket. The values of X in minutes (rounded to the nearest minute) are
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