If X is normally distributed and P(X<20)=0.5 and P(X>26)=0.0228, find the mean and standard deviation of X. (Make it readable)
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A: mean = 100 s = 15
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If X is
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- Muhammad Akram wishes to borrow Rs 90,50,000 from his bank in order to construct a home. The loan officer does not have any particular statistics on the bank's history of home loans, but he does inform Muhammad Akram that throughout the years, the bank has received around 900 loan applications every year, with an average approval probability of 0.85. Question: Assume that after extensive study, the loan officer informs Muhammad Akram that the correct statistics are 1,076 applications each year with a likelihood of approval of 0.77. What is the current mean and standard deviation?Now use the binomial formulas below to find the mean and standard deviation when n = 5 and p = 0.04. Mean = u = n x p Standard Deviation = q = _/npqSuppose the average life of kiwi phones is 4.66 years with standard deviation 1.05 years. Let X represent the average lif of 40 r/s kiwi phones. Find P( x > 5)