The manager of the commercial mortgage department of a large bank has collected data during the past two years concernin
Posted: Mon Nov 15, 2021 12:15 pm
The manager of the commercial mortgage department of a large
bank has collected data during the past two years concerning the
number of commercial mortgages approved per week. The results from
these two years
(104 WEEKS
weeks) are shown to the right.
a. Compute the expected number of mortgages approved per
week.
b. Compute the standard deviation.
c. What is the probability that there will be more than one
commercial mortgage approved in a given week?
The manager of the commercial mortgage department of a large bank has collected data during the past two years concerning the number of commercial mortgages approved per week. The results from these two years (104 weeks) are shown to the right. a. Compute the expected number of mortgages approved per week. b. Compute the standard deviation. c. What is the probability that there will be more than one commercial mortgage approved in a given week? Number Approved Frequency 12 25 34 34 16 16 4 8 7 1 6 1 7 1 C. a. The expected number of mortgages approved per week is (Round to three decimal places as needed.) b. The standard deviation is (Round to three decimal places as needed.) c. The probability that there will be more than one commercial mortgage approved in a given week is (Round to three decimal places as needed.)
bank has collected data during the past two years concerning the
number of commercial mortgages approved per week. The results from
these two years
(104 WEEKS
weeks) are shown to the right.
a. Compute the expected number of mortgages approved per
week.
b. Compute the standard deviation.
c. What is the probability that there will be more than one
commercial mortgage approved in a given week?
- The Manager Of The Commercial Mortgage Department Of A Large Bank Has Collected Data During The Past Two Years Concernin 1 (46.24 KiB) Viewed 198 times