Mathematics, 03.07.2020 21:01 araminaara691
A bank is reviewing its risk management policies with regards to mortgages. To minimize the risk of lending, the bank wants to compare the typical mortgage owed by their clients against other homebuyers. The average mortgage owed by Americans is $306,500, with a standard deviation of $24,500. Suppose a random sample of 150 Americans is selected. Identify each of the following, rounding your answers to the nearest cent when appropriate:
1. $mu=?
2. $sigma=?
3. $=n=$
4. $mu_{overlinex}=$x=?
5. $sigma_{overlinex}=$x=?
Answers: 1
Mathematics, 21.06.2019 16:40
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According to the 2008 u.s. census, california had a population of approximately 4 × 10^7 people and florida had a population of approximately 2 × 10^7 people. which of the following is true? a. the population of california was approximately two times the population of florida. b. the population of florida was approximately twenty times the population of california. c. the population of florida was approximately two times the population of california. d. the population of california was approximately twenty times the population of florida.
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A bank is reviewing its risk management policies with regards to mortgages. To minimize the risk of...
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