Homework: Homework: Week 8 Question 6, Instructor-c... > HW Score: 60%, 60 of 100 points Points: 0 of 25 Save A bank gra

[answerhappygod]

Homework Homework Week 8 Question 6 Instructor C Hw Score 60 60 Of 100 Points Points 0 Of 25 Save A Bank Gra 1 (158.47 KiB) Viewed 56 times

Homework: Homework: Week 8 Question 6, Instructor-c... > HW Score: 60%, 60 of 100 points Points: 0 of 25 Save A bank grants mortgage loans to 87% of all applicants. The bank receives 23 mortgage applications next month. Assume that approvals are granted independently. a. How many of the 23 applications are expected to be approved? The expected number of approved applications is . (Round to two decimal places.) b. What is the standard deviation of the number of approved applications? The standard deviation of the number of approved applications is . (Round to two decimal places.) After an applicant gets an approval, the bank sends an appraiser to evaluate the value of the property. The bank pays the appraiser a salary of TL 5000 per month, plus TL 700 per appraisal. Use this and the earlier information to answer the questions below: c. How much total income can the appraiser expect to receive next month? The appraiser can expect to receive a total of TL (Type in an integer.) d. What is the variability of the appraiser's income? The standard deviation of the amount of money the appraiser receives is . (Type in an integer.)