2- According to the historical data for the Bank of China, 25% of all credit card applications are The reason for rejection may be because the applicants have too many credit cards, the applicants’ income levels are too low, or the applicants’ credit card balances are too high, among other things. To justify the claim, a random sample of 500 new credit card applications are selected. What is the expected value and the standard error the proportion of the number of applications that will be rejected by the bank?What is the probability that at least 100 credit card applications will be rejected by the bank?What is the probability that at most 115 credit card applications will be rejected by the bank?What is the probability that the number of applications rejected by the bank is between 110 and 150?

Question 1: What is the expected value and the standard error of the proportion of the number of…

Answered: 2- According to the historical data for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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2- According to the historical data for the Bank of China, 25% of all credit card applications are The reason for rejection may be because the applicants have too many credit cards, the applicants’ income levels are too low, or the applicants’ credit card balances are too high, among other things. To justify the claim, a random sample of 500 new credit card applications are selected.

What is the expected value and the standard error the proportion of the number of applications that will be rejected by the bank?
What is the probability that at least 100 credit card applications will be rejected by the bank?
What is the probability that at most 115 credit card applications will be rejected by the bank?
What is the probability that the number of applications rejected by the bank is between 110 and 150?

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