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In examining borrower characteristics versus loan delinquency, a bank has collected the following information:
(1) 15% of the borrowers who have been employed at their present job for less than 3 years are behind in their payments,
(2) 5% of the borrowers who have been employed at their present job for at least 3 years are behind in their payments, and
(3) 80% of the borrowers have been employed at their present job for at least 3 years. Given this information:
a. What is the probability that a randomly selected loan account will be for a person in the same job for at least 3 years who is behind in making payments?
b. What is the probability that a randomly selected loan account will be for a person in the same job for less than 3 years or who is behind in making payments?
c. If a loan account is behind, what is the probability that the loan is for a person who has been in the same job for less than 3 years?
Sun Microsystems has approximately 50% of the high-end Unix machines market with its closest competitor being IBM. Suppose that 15 firms were in the market to purchase a high-end Unix machine. Assume that these firms listened to sales pitches by a..
1) Find the P value(P= ?) for the indicated hypothesis test with the given standardized test statistic z. Decide whether to reject Ho for the given level of significance.
the local newspaper was interested in the proportion of people that would vote in favor of a bond issue to add a new
Create a scatterplot of Calories vs. Fat.- Interpret the value of R2 in this context.- Write the equation of the line of regression.
Use the data of Exercise 128 to illustrate that class marks are given by the midpoint between successive class boundaries as well as the midpoint between successive class limits.
the quarterly returns of a group of 59 mutual fund with the mean of 3.6 and standard deviation of 5.3 can be modeled by
Suppose you study a random sample of 100 GRE verbal exams. Consider your a sketch of the sampling distribution of sample means and the appropriate calculation model.
The level of significance selected is 0.01 and 26 accounts are sampled. What is the critical value? Based on a sample size of 25?
A random sample of 20 users is obtained. Using the Binomial Probability Distribution, determine the following probabilities?
What is the meaning of the computer printout.- Explain the meaning of the regression equation and the regression line as shown in Table.
a group of investors wants to develop a chain of fast-food restaurants. in determining potential costs for each
The results of a two-factor analysis of variance, with interaction of factors, is given below. Completely interpret and explain these findings.
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