FDIC bank failures. The Federal Deposit InsuranceCorporation (FDIC) normally insures deposits of upto $100,000 in banks that are members of the FederalReserve System against losses due to bank failure or theft.Over the last 20 years, the average number of bank failuresper year among insured banks was 29 (FDIC Failed BankList, 2019). Assume that x, the number of bank failures peryear among insured banks, can be adequately character-ized by a Poisson probability distribution with mean 29.a. Find the expected value and standard deviation of x.b. In 2010, 157 banks failed. How far (in standard deviations)does x = 157 lie above the mean of the Poisson distribu-tion? That is, find the z-score for x = 157.c. In 2019, 4 banks failed. Find P(x ≤ 4).

X~Poisson distribution. Mean=29

Answered: FDIC bank failures. The Federal Deposit…

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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