Mathematics, 20.04.2020 21:14 gigi813
In July 2010, Lender Processing Services reported that homeowners were defaulting in record numbers; 12.4% of mortgages were delinquent or in foreclosure. Suppose a large bank holds 1731 adjustable-rate mortgages.
a) Can you apply the Central Limit Theorem to describe the sampling distribution model for the sample proportion of foreclosures?
b) Sketch and clearly label the sampling model, based on the 68-95-99.7 Rule.
c) How many of these homeowners might the bank expect will default on their mortgages?
Answers: 1
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4. jake needs to score in the top 10% in order to earn a physical fitness certificate. the class mean is 78 and the standard deviation is 5.5. what raw score does he need? z value for top 10% =1.282 how do i get the z value? what is the equation for this? raw score =mean+z*sd = 78+1.282*5.5 = 85.051
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In July 2010, Lender Processing Services reported that homeowners were defaulting in record numbers;...
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