5.6 The manager of the commercial mortgage department of a large bank has collected data during the past year con- cerni
Posted: Thu Jan 13, 2022 5:45 am
5.6
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5.6 The manager of the commercial mortgage department of a large bank has collected data during the past year con- cerning the number of commercial mortgages approved per week. The results from this year (52 weeks) indicated the following: No. of housing loans approved Frequeny 3 0 1 2 3 4 5 6 auw o co uw 8 7 10 11 8 a. What is the expected number of loans to be approved next week? b. What is its variance?
Need 100 percent perfect answer asap.
Please write neat and give full step by step solution.
I will rate positive.
5.6 The manager of the commercial mortgage department of a large bank has collected data during the past year con- cerning the number of commercial mortgages approved per week. The results from this year (52 weeks) indicated the following: No. of housing loans approved Frequeny 3 0 1 2 3 4 5 6 auw o co uw 8 7 10 11 8 a. What is the expected number of loans to be approved next week? b. What is its variance?