Find point estimates for the mean and standard deviation of the Months Customer data in the Credit
Question:
Find point estimates for the mean and standard deviation of the Months Customer data in the Credit Risk Data file. Draw five random samples of sizes 50 and 250 from the data using the Sampling tool. Use the empirical rules to analyze the sampling error and state your conclusions.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Credit Risk Data Loan Purpose Checking Savings Months Customer Months Employed Gender Marital Status Age Housing Years Job Credit Risk Small Appliance 0 739 13 12 M Single 23 Own 3 Unskilled Low Furni...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The mean and standard deviation of a sample may change if data are rescaled (for instance, temperature changed from Fahrenheit to Celsius). For a sample with mean, adding a constant c to each...
-
The accompanying table gives the mean and standard deviation of reaction times (in seconds) for each of two different stimuli: If your reaction time is 4.2 seconds for the first stimulus and 1.8...
-
The accompanying table gives the mean and standard deviation of reaction times (in seconds) for each of two different stimuli: Suppose your reaction time is 4.2 seconds for the first stimulus and 1.8...
-
Identifying the leadership strategies that were employed by the organization described in the case study, how they were employed, and any additional strategies that could be employed to reflect...
-
= 2 + x a. Decide, at the 10% significance level, whether the data provide sufficient evidence to conclude that x is useful for predicting y. b. Find a 90% confidence interval for the slope of the...
-
You are required: (a) To identify the associated companies for small companies rate purposes and to state the upper and lower thresholds for each of the companies shown. (b) To identify any groups...
-
What is a normal distribution? Why is it important in quality control? LO.1
-
The following transactions were incurred by Howley Fabricators during January, the first month of its fiscal year. Requirements 1. Record the proper journal entry for each transaction. a. $ 180,000...
-
Na Pinancial Statements Chapter 4 Using Financial Statement for investing and Credit Det Cambridge Business Publishers Presented below are selected financial data from the 2018 annual report The...
-
Chicago Turkey is considering a new turkey farm to service its western region stores. The stores currently require 650,000 turkeys per year, and they are purchased from various local turkey farms for...
-
Repeat the sampling experiment in Example 6.3 for sample sizes 50, 100, 250, and 500. Compare your results to the example and use the empirical rules to analyze the sampling error. For each sample,...
-
The actual delivery time from Giodannis Pizza is exponentially distributed with a mean of 25 minutes. a. What is the probability that the delivery time will exceed 30 minutes? b. What proportion of...
-
All of the following are first paragraphs in prospecting letters written by new college graduates. Evaluate the paragraphs on these criteria: Is the paragraph likely to interest readers and motivate...
-
Malaysian Agrifood Corporation Berhad reported sales of RM 7 0 , 0 0 0 in May and RM 8 0 , 0 0 0 in June. The forecast sales for July, August and September are RM 9 0 , 0 0 0 , RM 1 0 0 , 0 0 0 , and...
-
1. Refer to the \"Plotting Data\" lesson (end of "Patterns to Notice") and plot the "Skydiver Velocity vs. Time\" data (taken from the video) on the following graph. to c) d) e) f) 9) Which is the...
-
The Star Company is considering a change in its credit terms to increase sales. Its current credit sales are $8.5 million per year and its present credit terms are 2/16 net of 20 basis. Discount is...
-
Determine the shear flow distribution for a torque of 57265.0Nm applied to the three cell section shown in the figure below. Note that the section has a constant shear modulus throughout. All answers...
-
2 a) Figure 1 shows the orientation of the carbon fibre which is orientate at 0.A9 radians from the vertical plane. Draw and label the element's normal and shear stresses acting on the carbon fibre...
-
In systems with a write-through L1 cache backed by a writeback L2 cache instead of main memory, a merging write buffer can be simplified. Explain how this can be done. Are there situations where...
-
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
-
Max Gooding is tired of losing money in his offices weekly football pool and has decided to try to do something about it. Figure (and file Fig.xls on your data disk) contains a listing of the teams...
-
a. Construct a spreadsheet model Noah could use to determine the least costly way to visit all ten European cities exactly once. What is the optimal itinerary for this problem and how much air fare...
-
a. Formulate an NLP model for this problem. b. Implement your model in a spreadsheet and solve it. c. How much money should Roger spend in each state? d. How many campaign stops should the candidate...
-
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 2 0 2 1 $ 6 4 7...
-
Problem 3 - 2 0 ( Static ) Calculate profitability and liquidity measures LO 3 - 3 , 3 - 4 , 3 - 6 Presented here are the comparative balance sheets of Hames Incorporated at December 3 1 , 2 0 2 3...
-
3 Required information [The following information applies to the questions displayed below) John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter. Samantha. In 2020,...
Study smarter with the SolutionInn App