A normal distribution with a standard deviation

Assignment Help Basic Statistics

Reference no: EM13283338

Loans that are 60 days or more past due are considered seriously delinquent. The Mortgage Bankers Association reported that the rate of seriously delinquent loans has an average of 9.1% (The Wall Street Journal, August 26, 2010). Let the rate of seriously delinquent loans follow a normal distribution with a standard deviation of 0.80%

Reference no: EM13283338

Questions Cloud

Social responsibility is the branch of philosophy : A socially responsible business person believes that the formal legal law is inferior to universal moral and ethical principles that can be determined by intuition. Social responsibility is the branch of philosophy that focuses on morally right and w..

Observe social responsibility standards higher : Corporations should not merely obey the law but rather should seek and observe social responsibility standards higher than the law since at times the law is silent or is not enforced. Corporate profit-seeking at times involves unacceptable social cos..

The goal of statistical procedures : Statistical questions tend to fall into what two main categories?

A valid probability model : A valid probability model

A normal distribution with a standard deviation : Loans that are 60 days or more past due are considered seriously delinquent. The Mortgage Bankers Association reported that the rate of seriously delinquent loans has an average of 9.1% (The Wall Street Journal, August 26, 2010). Let the rate o..

The probability of making a positive return : A young investment manager tells his client that the probability of making a positive return with his suggested portfolio is 96%. What is the risk (standard deviation) that this investment manager has assumed in his calculation if it is known t..

Express the original claim in symbolic form : Express the original claim in symbolic form.

Describe the roles of the executive branch-congress : Describe the roles of the Executive Branch, Congress, and defense industry in Defense Acquisition. What are some of the responsibilities and objectives of each sector?

Briefly discuss the safeguards : From the e-Activity, briefly discuss the safeguards that should have prevented the breach of privacy. Explain in detail why you think these safeguards were not effective in this instance.

User Account

All Pages