Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. A prospective borrower's debt-to-income ratio is the percent of his/her monthly income that is already committed personal debt. Below are data for 12 recent

image text in transcribed
4. A prospective borrower's debt-to-income ratio is the percent of his/her monthly income that is already committed personal debt. Below are data for 12 recent applicants. D/I (X) 33.23 34.15 30.35 32.13 49.17 19.95 41.42 29.78 54.63 25.55 36.38 37.43 (a) Sketch a modified boxplot of the data. Are there any potential outliers? If so, which value(s)? (b) What is the IQR for debt-to-income ratios? (c) What is the z-score for the applicant who had a debt-to-income ratio of 29.78%? Interpret this result. 5. A machine used in the production of a frozen pizza is designed to cut balls of dough according to a bell-shaped cur with a mean of 10 ounces and a standard deviation of 0.15 ounces. (a) What percent of dough balls weigh less than 9.70 ounces? (b) What percent of dough balls weigh between 9.55 oz and 10.30 oz? (c) What is the cutoff for the heaviest 0.15%% at dough balls

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Brief Calculus & Its Applications

Authors: Larry J Goldstein, David C Lay, David I Schneider, Nakhle I Asmar

13th Edition

0321888510, 9780321888518

More Books

Students also viewed these Mathematics questions

Question

=+b) Comparing the sweetness of a diet drink (rated from 1 to

Answered: 1 week ago