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ank collected data of all its customers. Customers who repaid their consumer s (Good Credit) had an average deposit of x dard deviation of OGood Credit=$75. Customers who defaulted on their sumer loans (Bad Credit) had an average weekly deposit of X Bad Credit= $300 a standard deviation of also O Bad Credit =$75. As a result of the data -ction, the bank decides to give loans to customers only who do not have weekly osits of at least $380. $500 with a %3D Good Credit

ank collected data of all its customers. Customers who repaid their consumer s (Good Credit) had an average deposit of x dard deviation of OGood Credit=$75. Customers who defaulted on their sumer loans (Bad Credit) had an average weekly deposit of X Bad Credit= $300 a standard deviation of also O Bad Credit =$75. As a result of the data -ction, the bank decides to give loans to customers only who do not have weekly osits of at least $380. $500 with a %3D Good Credit

MATLAB: An Introduction with Applications
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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The next four questions refer to the following scenario: A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of x Good Credit= $500 with a standard deviation of oGood Credit =$75. Customers who defaulted on their consumer loans (Bad Credit) had an average weekly deposit of x Bad Credit= $300 with a standard deviation of also O Bad Credit =$75. As a result of the data collection, the bank decides to give loans to customers only who do not have weekly deposits of at least $380.
Transcribed Image Text:The next four questions refer to the following scenario: A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of x Good Credit= $500 with a standard deviation of oGood Credit =$75. Customers who defaulted on their consumer loans (Bad Credit) had an average weekly deposit of x Bad Credit= $300 with a standard deviation of also O Bad Credit =$75. As a result of the data collection, the bank decides to give loans to customers only who do not have weekly deposits of at least $380.
What's the probability that a bad credit customer receives a loan (Type Il error), 3= 0.043 0.143 0.243 O 0.343
Transcribed Image Text:What's the probability that a bad credit customer receives a loan (Type Il error), 3= 0.043 0.143 0.243 O 0.343
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