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Mr. Gupta applies for personal loan of Rs.150000 from a bank. The loan officer informed him that over a period of time bank has received

Mr. Gupta applies for personal loan of Rs.150000 from a bank. The loan officer informed

him that over a period of time bank has received about 2620 loan application per year and that

the probability of approval was on average 0.65.

(a) Mr. Gupta wants to know the mean and SD of the number of loan approved per year.

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