User Account

All Pages

Represent a good income for the bank

Assignment Help Basic Statistics
Reference no: EM131919145

Today in the morning a person went to the bank and accepted he filled in the wrong way his request. The manager requests you to help him determine what is the probability for that person to fill his request on purpose. And the manager hopes you help him take a decision of to grant him or not the requested credit, in case you grant it, could it represent a good income for the bank. Should the credits manager authorize the request? why?

*Use the bayes theorem for an easier way to solve it

Reference no: EM131919145

Questions Cloud

How is it possible that a firm can have a net loss : How is it possible that a firm can have a net loss (negative net profits after taxes) and still have positive cash flow from operations?
Is good guy plan an appropriate application of jit : Is Good Guy's plan an appropriate application of JIT? Why, or why not? Identify each of the stakeholders in this situation. What will each give up.
Give a socially responsible business action : Socially responsible business action that is in the current national news within the past two weeks that does not have to do about governor Christie.
Fixed natural number : Prove the following: if x is of the form x = nk + 1 for some natural number k, then x^2 = 1 mod n.
Represent a good income for the bank : And the manager hopes you help him take a decision of to grant him or not the requested credit, in case you grant it, could it represent a good income
Formulate a linear mathematical model to achieve : A portfolio manager has developed a list of six investment alternatives for a multiyear horizon.
Which barrier to entry best describes economies of scale : Which barrier to entry best describes this situation-scarce resources, economies of scale, government intervention, or aggressive tactics?
Evaluate the suitability of lean services to the department : What measures should be used to evaluate the performance of this department? Evaluate the suitability of lean services to this department.
Why museum price discriminate on admission but not souvenirs : Suppose a museum charges different entrance fees for children, students and adults. Explain why the museum price discriminates on admission but not souvenirs.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What decision should be made by one who is an optimist

What approach would be deemed as preferrable- optimistic, conservative, or minimax regret? Eplain your position.

  Resources win fewer medals in the olympics

Consider the question: Do countries with fewer resources win fewer medals in the Olympics? State the null and alternative hypotheses relative to this question.

  Computing probability of intersection or union

WLD Incorporated, a national data-collection agency, estimates that 55% of all customers at home warehouse stores (in the United States) own their own home.

  Compute spearman rank correlation coefficient

Lower values on the IAS test suggest the person is less inclined to be close and personal. Explain the meaning of rSin the context of this problem.

  Evaluate union-s claim null and alternate hypotheses

Evaluate the union's claim. Include the hypotheses (both null and alternate), alpha, test statistic (highlight where it is calculated on your spreadsheet), decision, conclusion.

  What were the assumptions on which anova was based

For the data, F=0.46 and the P-value equals 0.63. What can you conclude? d. What were the assumptions on which ANOVA was based? Which assumption is the most important?

  Sequential assembly of an experimental design

What is meant by the "sequential assembly of an experimental design"? Illustrate the sequential assembly of a three-factor central composite design

  Binomial distribution-probability requirement

Ethics The one-time fling! Have you ever purchased an article of clothing (dress, sports jacket, etc.), worn the item once to a party, and then returned the purchase?

  Conclude-hamburgers of two chains have different calories

Calories in each hamburger measured. Can the reporter conclude, at α = 0.05, that the hamburgers from the two chains have a different number of Calories?

  Positive correlation between teacher salaries-prescription

Over the past decade, there has been a strong positive correlation between teacher salaries and prescription drug cost. (a) Do you think paying teachers more causes prescription drugs to cost more? Explain. (b) What lurking variable might be causi..

  Describe the probability law

The temperature ? measured in degrees centigrade is related to T by ? = 5/9(T - 32). Describe the probability law of ?.

  Tell me your top 5 ideas on how professors and teachers can

tell me your top 5 ideas on how professors and teachers can use social media to enhance the learning process. list each

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd