The manager of the commercial mortgage department of a large bank has collected data during the past

Question:

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 as follows:

a. Calculate the expected number of mortgages approved per week.

b. Calculate 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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Business Statistics A First Course

ISBN: 9780135177785

8th Edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: Feb 17, 2023 01:17 AM

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The manager of the commercial mortgage department of a large bank has collected data during the past

Question:

Number of Commercial Mortgages Approved 0 1 2 3 4567 Frequency 13 25 32 17 9 6 1 1

Step by Step Answer:

Excel Output a EX 21058 b 14671 c PX1 PX2 PX3 PX4 PX5 P...View the full answer

Business Statistics A First Course

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