A company sells apples in packages of 4. The masses of the individualapples are normally distributed with a mean of 175 g and a standarddeviation of 15 g. Assume that the weights of apples are independent fromeach other.Let T = the total weight of 4 randomly selected apples.Find the probability that the total mass is less than 685 g.You may round your answer to two decimal places.P(T < 685)≈

Step 1:Given that :The company sells apples in packages of 4.Mean(μ)=175 gmStandard deviation(σ)=15…

Answered: A company sells apples in packages of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Decorators Co. got a 15-year loan from NatWest Bank in 2016 for an amount of £22 million. The loan was taken at an annual interest rate of 12%. After 5 years in 2021, Decorators Co. had managed to pay back £9.5million. Currently owing on the loan is the principal balance plus interest of £800,000. In 2021, the probability that Decorators Co. defaults on the loan is 4.5%, in the same year, if there is a default, NatWest bank expects that it will be able to recover 75% of the loan. Given the information above, you are required to determine: Exposure at default (EAD) Value of Loss given default value (LGD) Expected loss (EL)
Answer is wrong should be 4.25
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