A banks loan officer rates applicants for credit the

Assignment Help Basic Statistics
Reference no: EM13636175

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If 49 different applicants are randomly selected find the probability that their mean is above 215.

Reference no: EM13636175

Questions Cloud

Financial management the blake manufacturing corporation : the blake manufacturing corporation manufactures and sells folding umbrellas. the corporations condensed income
Business communication research project consists of a lot : research project ltbrgt ltbrgtconsists of a lot of work so i3939m submitting it in early. ltbrgt ltbrgtthe attachment
Business communication need it done asap its a homework : need it done asap ltbrgt ltbrgt ltbrgtits a homework assignment. ltbrgt ltbrgtamount is welled to be changed ltbrgt
Role of doctoral education in knowledge economy hii want : hi ltbrgti want you to prepare one of the below projects ltbrgt ltbrgtrole of doctoral education in knowledge economy
A banks loan officer rates applicants for credit the : a banks loan officer rates applicants for credit. the ratings are normally distributed with a mean of 200 and a
When n 20 and p 01 i can approximate the distribution of : when n 20 and p 0.1 i can approximate the distribution of the sample proportion with a normal distribution with mean 2
A poll of 1200 randomly selected community college : a poll of 1200 randomly selected community college students in the u.s. was conducted and found that 58 favor
The diameters of pencils produced by a certain machine are : the diameters of pencils produced by a certain machine are normally distributed with a mean of 0.30 inches amd a
What is the probability that a random variable has a value : what is the probability that a random variable has a value between 1.75 and 7.35 if that random variable has a uniform

Reviews

Write a Review

Basic Statistics Questions & Answers

  Define the sample space for experiment

Is the event of choosing card green or blue on the first selection independent of choosing card green or red on the second selection? Why or why not?

  Time series analysis for sales of roof material

Determine the typical seasonal patterns for sales using the ratio-to-moving-average method. Project the sales for 2004, and then seasonally adjust each quarter.

  Without regard to order in how many way can you select four

without regard to order in how many way can you select four individuals from a group of seven? please show

  One way analysis of variance in excel

Is there evidence to suggest a difference in the mean waiting times at the four body shops? Use the .05 significance level.

  Comparing means

Restaurateur Danny Valentine is evaluating two, sites, Raymondville and Rosenber, for his next restaurant. Denny suspects that Raymondville residents (population 1) dine out more often (number of times per month) than Rosenberg residents (populati..

  Hypothesis testing of mean-proportion-p-value method

The average U.S. family includes 3.13 persons. To determine whether families in her city tend to be smaller in size compared to those across the United States, a city council member selects a simple random sample of 25 families.

  What the sample size to indicate report

Standard deviation of the sampling distribution of sample proportion is 0.025. However, the report did not indicate what the sample size n was. What was it?

  Explanation of scatter diagram

Bivariate data for the quantitative variables x and y are given in the attached. These data are plotted in a scatter plot. Sketch an approximation of at the least-squares regression line for the data.

  Determine average time a ticket buyer wait

Customers arrive to purchase tickets each hour. Determine the average time a ticket buyer must wait and the portion of time the ticket seller is busy.

  Transrail really wants this project and is considering a

transrail is bidding on a project that it figures will cost 400000 to perform. using a 25 markup it will charge 500000

  The best predicted pulse rate of a woman iwho is 69 in tall

a sample of 90 women is obtained and their heights in inches and pulse rates in beats per minute are measured. the

  One sample is contained in the file labeled theight

hono golf is a manufacturer of golf products in taiwan and china. one of the golf accessories it produces at its plant

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd