User Account

All Pages

Compute the loan balance standard deviation

Assignment Help Basic Statistics
Reference no: EM131645518

Question: The branch manager for the D. L. Evens Bank has been asked to prepare a presentation for next week's board meeting. At the presentation, she will discuss the status of her branch's loans issued for recreation vehicles (RVs). In particular, she will analyze the loan balances for a sample of 10 RV loans. The following data were collected:

$11,509       $8,088       $13,415       $17,028       $16,754

$18,626       $4,917       $11,740       $16,393       $8,757

a. Compute the mean loan balance.

b. Compute the loan balance standard deviation.

c. Write a one-paragraph statement that uses the statistics computed in parts a and b to describe the RV loan data at the branch.

Reference no: EM131645518

Questions Cloud

Interview your parents or grandparents : Interview your parents or grandparents. Ask them what their standard of living was like when they were your age.
Define common themes you discovered among the article : Describe any common themes you discovered among the article, the video and the Civility Index
Policy makers-politicians : Why do you think economists often disagree on advice given to policy makers/politicians? No less then two hundred words so I have a clear understanding please.
What role do you believe government regulation should play : What role you believe government regulation should play to ensure ethical conduct by business? How different political viewpoint potentially shape the answer?
Compute the loan balance standard deviation : The branch manager for the D. L. Evens Bank has been asked to prepare a presentation for next week's board meeting.
Find the names of the 2 us senators from your state : Find the names of the 2 US Senators from your state Who are the two Senators? When was each one elected and what party does each belong to?
Greater revenue and improved communications : Why foreign markets provide greater revenue and improved communications?
The cost of contraceptives for their employers : Do you support or oppose requiring employees to provide healthcare plans that cover the cost of contraceptives for their employers?
Protection against losses than gains : Why are equity investors willing to pay more for protection against losses than gains?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Journal of management information systems

In an article in the Journal of Management Information Systems, Mahmood and Mann investigate how information technology (IT) investment relates to company performance.

  Sample standard deviation of chocolate ounce

Is there evidence that the population mean amount is different from 8.17 ounces? (Use a 0.05 level of significance and determine the p-value and interpret its meaning.

  Probability that a package of almonds will weigh

The weight of an almond is normally distributed with mean 0.05 ounce and standard deviation of 0.015 ounce. Find the probability that a package of 100 almonds will weigh between 4.3 and 5.3 ounces.

  Give examples of two variables that are positively

1. give examples of two variables that are positively correlated and two that are negatively correlated.2. what

  Confidence interval estimate for the true mean

A tyre manufacturer found that the sample mean tread life of 49 radial tyres tested was 52345 km with standard deviation 12943 km. Construct a 99% confidence interval estimate for the true mean tread life of all radial tyres manufactured and give ..

  Production requirement at minimum machine cost

If it costs $50 per hour to operate A and $30 per hour to operate B, determine how many hours per week to operate each machine to meet the production requirement at minimum machine cost.

  Use your calculated z score along with the z table to find

a beer distributer believes that the amount of beer in a 12 ounce can of beer has a normal distribution with a mean of

  He calculates the probability of drawing first a freshman

mr. hauseman has 17 students in his class three of which are freshman and the others are sophomores and juniors. he is

  Test to determine whether the distribution of hurricane

unisys maintains a hurricane database which provides information on hurricanes in the atlantic caribbeangulf of mexico

  Determine the probability to receive a raise

There is 0.75 probability that you will get promotion or raise. Probability of getting promotion and raise is 0.50. Determine the probability to receive a raise.

  Least common denominator for rational expressions

Find the LCD for the given rational expression, and convert each into an equivalent rational expression with the LCD as the denominator.

  Use the chebyshev inequality to find the confidence

Let X A be the indicator random variable for event A with probability P[A] = 0.8. Let n(A) denote the relative frequency of event A in n independent trials.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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