Of a finance companys loans, 1% are defaulted (not completely repaid). The company routinely runs credit checks
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
Let D event that the loan defaulted R 1 event that a...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
An Introduction To Statistical Methods And Data Analysis
ISBN: 9781305465527
7th Edition
Authors: R. Lyman Ott, Micheal T. Longnecker
Question Posted:
Students also viewed these Statistics questions
-
Refer to Exercise 4.29. Show that the posterior probability of default, given a fair risk, equals the prior probability of default. Explain why this is a reasonable result. In exercise Of a finance...
-
Profitable banks are ones that make good decisions on loan applications. Credit scoring is the statistical technique that helps banks make that decision. However, many branches overturn credit...
-
The following table gives information concerning finance rates (in percent) for consumer installment loans from 1990 to 1996: a. Using 1990 as the base year, construct an aggregate index of finance...
-
The accounting records of Shumway Ag Implement show the following data. Determine the cost of goods sold during the period under a periodic inventory system using (a) the FIFO method, (b) the LIFO...
-
What characteristics of service organizations make forecast accuracy important?
-
University K is located in a small town that depends on real property taxes for revenue. Over the past decade, University K has expanded by purchasing a number of commercial buildings and personal...
-
Assume that interest rate parity holds. At the beginning of the month, the spot rate of the Canadian dollar is $.70, while the 1-year forward rate is $.68. Assume that U.S. interest rates increase...
-
Listed are the equity sections of balance sheets for years 2011 and 2012 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders equity has risen from $2,000,000 to...
-
A shipment of 8 computers contains 3 with defects. Find the probability that a sample of size 4, drawn from the 8, will not contain a defective computer.
-
The NOI for a small income property is expected to be $150,000 for the first year. Financing will be based on a 1.2 DCR applied to the first year NOI, will have a 10 percent interest rate, and will...
-
Refer to Exercise 4.27. A more detailed examination of the company records indicates that 95% of the customers who pay one monthly bill in full will also pay the next monthly bill in full; only 10%...
-
In reporting highway safety, the National Highway Traffic Safety Administration (NHTSA) reports the number of deaths in automobile accidents each year. If there is a decrease in the number of traffic...
-
A manufacturer of integrated circuits is planning production for the next four months. The forecast demand for the circuits is shown in the following table. At the beginning of September, the...
-
Write a program to create a file sequentially called "Output" containing for each person: - Name (20 characters max.) - Firstname (15 characters max.) - Age (integer) Phone (11 characters maximum)....
-
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a...
-
P4 (25 Pts): Determine the anchoring force required to hold in place the conical nozzle attached to the end of the laboratory sink faucet when the water flow rate is 10 gal/min. The nozzle inlet and...
-
Write a java program to display third highest element from array.
-
What are the key issues or opportunities for H&Ms social media platforms? What are some of the social/digital media objectives and goals the company should focus on? (Be specific.)
-
What is the condition number on the system below using the Euclidean norm? 3x + 2y + z = 5 x-y + 2z = 5 x - 3z = -1
-
What are three disadvantages of using the direct write-off method?
-
Draw up a consolidated balance sheet as at 31 December 2007 from the following: At the balance sheet date, Child owes Parent 3,200. During the year Parent sold goods which had cost 6,000 to Child for...
-
Environmentalists are concerned about emissions of sulfur dioxide into the air. The average number of days per year in which sulfur dioxide levels exceed 150 milligrams per cubic meter in Milan,...
-
Shown below are the per diem business travel expenses in 11 international cities listed by Business Affairs of Oregon State University. Use this list to calculate the z scores for Moscow, Beijing,...
-
Compute the mean, the median, and the mode for the following data. Class .........f 0under 2 .......39 2under 4 .......27 4under 6 .......16 6under 8 .......15 8under 10 .......10 10under 12 ..........
-
[2] (20pts) The AGGIE Industrial Engineering Entrepreneurs (AGGIE) manufacture customized business card holders (BCHs) using their several lines of additive manufacturing machines (aka 3-D printers)....
-
Nomis Ltd reported the following items on the balance sheet at December 31, 2020. Assets Current assets 23,400 Property, plant and equipment, net 65,400 Total assets 88,800 Liabilities Current...
-
Palm Inc. has a profit margin of 23% and an investment turnover of 5. Sales revenue is $804,000. What is the operating income? Multiple Choice $924,600 $184,920 $160,800 $36,984
Study smarter with the SolutionInn App