Patrick is a loan officer at a bank. He has $2,000,000 to lend out and has two loan programs.
His home equity loan is currently priced at 6% per
annum, and his unsecured personal loan is priced
at 14%. The bank president wants Patrick to earn
a rate of return of 12% on the $2,000,000 available.
How much should Patrick lend out at 6%?

(co 3) the times that customers spend in a book store are normally distributed with a mean of 39.5 minutes and a standard deviation of 9.4 minutes. a random sample of 25 customers has a mean of 36.1 minutes or less. would this outcome be considered unusual, so that the store should reconsider its displays? no, the probability of this outcome at 0.035, would be considered usual, so there is no problem yes, the probability of this outcome at 0.035, would be considered unusual, so the display should be redone no the probability of this outcome at 0.359 would be considered usual, so there is no problem yes, the probability of this outcome at 0.965 would be considered unusual, so the display should be redone