Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 Student: Date: Instructor: Brandy Maynard Course: AP STATS 2022 big emot Assignment: 17.2 Based on past experience, a bank believes that 14% of
1 Student: Date: Instructor: Brandy Maynard Course: AP STATS 2022 big emot Assignment: 17.2 Based on past experience, a bank believes that 14% of the people who receive loans will not make payments on time. The bank has recently approved 100 loans, which are a random representative sample. Complete parts a through c. a) What are the mean and standard deviation of the proportion of clients in this group who may not make timely payments? (p) = banim SD (p)=[ (Round to three decimal places as needed.) b) What assumptions underlie your model? Are the conditions met? no nel leeipzinio pri honummolab ad vino n A. With reasonable assumptions about the sample, all the conditions are met. B. The success/failure condition is not met. C. The randomization and success/failure conditions are not met. D. The 10% condition is not met. E. The randomization and 10% conditions are not met. E The 10% and success/failure conditions are not met. G. The randomization condition is not met. H. Without unreasonable assumptions, none of the conditions are met. 01 Ixon sill tsel viilide do c) What is the probability that over 19% of these clients will not make timely payments? P(p>0.19) = (Round to three decimal places as needed.) Just before a referendum on a school budget, a local newspaper polls 406 voters to predict whether the budget will pass. Suppose the budget has the support of 53% of the voters. What is the probability that the newspaper's sample will lead it to predict defeat? The probability is (Round to three decimal places as needed.) It is believed that 4% of children have a gene that may be linked to juvenile diabetes. Researchers at a firm would like to test new monitoring equipment for diabetes. Hoping to have 24 children with the gene for their study, the researchers test 731 newborns for the presence of the gene linked to diabetes. What is the probability that they find enough subjects for their study? What is the probability? Select the correct answer below and, if necessary, fill in the answer box to complete your choice. A. P(enough subjects) = (Round to three decimal places as needed.) B. The conditions for finding the probability are not satisfied.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started