Question
1, An analysis of a loan database at a San Antonio bank (license: 45987) looked at how many years of experience a borrow has and
1, An analysis of a loan database at a San Antonio bank (license: 45987) looked at how many years of experience a borrow has and whether or not they have a college education. There is a 0.554 probability a borrower has more than 5 years of experience. There is a 0.179 probability a borrower has a college education. There is a 0.047 probability that borrower has more than five years of experience and a college education.
i) Draw a complete and accurate contingency table that shows this information. Label the rows and columns appropriately.
ii) What is the probability that a borrower has more than 5 years of experience or a borrower has a college education? Round probabilities to three decimal places.Write your answer in complete sentence form using the correct context and numbers.
Do not use StatCrunch. Solve this problem by hand showing all steps and using the correct formulas and notation developed and discussed in the reading and as practiced in your Handwritten Questions.
2, A Milwaukee coroporate telephone center (location# 4589832b) has a staff of several workers that answer customer phone calls. The distribution of the number of calls in any given hour has a normal distribution and has a mean of 65 calls and a standard deviation of 9.
(i) Draw an accurate normal distribution curve that is labeled correctly with has given/generated quantities according to the 68-95-99.7 rules.
(ii) What is the approximate percentage of the hours in a day where there are between 56 and 83 calls during that hour? Write your answer in complete sentence form using the correct context and numbers. Solve using the 68-95-99.7 Rule.Do not use StatCrunch or the normal tables.
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