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A loans manager at a local bank records the number of home mortgages she approves per week for an extended period of time and comes

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A loans manager at a local bank records the number of home mortgages she approves per week for an extended period of time and comes up with the following probability distribution: Number of mortgages approved per week 0 2 3 4 5 6 Probability 0.10 0.1 0.20 0.30 0.15 0.10 0.05 With reference to the information above. The loans manager estimates that it takes her 45mins to process each approved mortgage. Her expected weekly time spent processing approved mortgages is closest to: Select one: a. 135 minutes b. 90 minutes 0. 126 minutes d. 45 minutes The correct answer is: 126 minutes

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