Question
Number_Approved: Frequency 0 &nbs
Number_Approved: Frequency
0 14
1 25
2 30
3 18
4 8
5 6
6 2
7 1
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?
a. The expected number of mortgages approved per week is ?.
b. Compute the standard deviation.
c. What is the probability that there will be more than one commercial mortgage approved in a given week?
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The manager of the commercial mortgage department of a large bank has collected data during the...
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 (104104 weeks) are shown to the right.
a. Compute the expected number of mortgages approved per
week.
b. Compute the standard deviation.
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