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: Muhammad Akram is interested in the annual average and standard deviation of the number of loans approved. Locate these figures for him

Q: The mean finish time for a yearly amateur auto race was 187.43 minutes with a standard deviation of…

A: Given information- Population mean, µ = 187.43 minutes Population standard deviation, σ = 0.363…

Q: 4. The average credit card debt for 500 college seniors is Php3762. If the debt is normally…

A: Given,mean(μ)=3762standard deviation(σ)=1100sample size(n)=500

Q: Suppose that the City of Chicago is interested in potential revenues if they introduce a tolling…

A:

Q: The standard deviation of win percentage for the 32 teams in the NBA in 2005–2006 was 0.134. The NBA…

A: The standard deviation shows how far the data points are from the mean and it gives an idea about…

Q: The annual family expenditure of 421 families in the main city is normally distributed with a mean…

A:

Q: A new phone system was installed last year to help reduce the expense of personal calls that were…

A: The provided information are:

Q: Last week, your manager asked you to analyze staffing needs for the foreclosure Department. She was…

A: The question is about hypo. testing Given : Popl. mean no. of documents processed ( μ ) = 15.11 per…

Q: Calculate the means and standard deviations of:1, 2, 3, 4, 5

A: We have to calculate the mean and SD of given observations. The observations are  X : 1, 2, 3, 4, 5

Q: If two dice are rolled simultaneously. find the probability that: Prompts the sum is 9 the sum is…

A:

Q: Illustrate the null hypothesis for a correlated t test?

A:

Q: determine the percent of batteries that can be expected to require repair or replacement under…

A: Let X be the random variable that breakdown times. Given that, X ~ N(μ=50, σ=6) The warranty on a…

Q: Based on data from the u.s. census, the mean age of college students in 2011 was 25 years, with a…

A: Given that: X is normal Distributed with mean µ = 25.0 and standard deviation σ = 9.5 By using…

Q: oal is carried from a mine in West Virginia to a power plant in New York in hopper cars on a long…

A: Given data: Mean = 52 Standard deviation = 0.6 Sample size = 26

Q: The heights of a pediatrician’s 200 three-year-old females are normally distributed with mean 38.72…

A: We have to find 75th percentile.

Q: Traveling between University of Santo Tomas and Rizal Park, Manila via shuttle bus takes, on…

A: Given that, μ=28,σ=5 and n=40 The mean and standard deviation of the sample mean is,

Q: Traveling between University of Santo Tomas and Rizal Park, Manila via shuttle bus takes, on…

A: Solution: Let X be the transport time. From the given information, X has mean µ=28 minutes and a…

Q: The body temperatures of a group of healthy adults have a normal distribution with a mean of 98.37…

A: It is given that the body temperatures of a group of healthy adults follow normal distribution with…

Q: A mechanic sells a brand of automobile tire that has a life expectancy that is normally distributed,…

A: Given that Mean μ=27000 Standard deviationσ =24000 P(X < a) = 0.1(10%) P(X< a) =…

Q: tain brand of automobile tire has a mean life span of 32,000 miles and a standard deviation of 2,050…

A: Consider a random variable X which represents the life span of certain brand of automobile.    X…

Q: What is the formula to do this exercise, Please. A sample of 40 investment customers serviced by an…

A: Given: 40 investment customers are serviced by an account manager, which had an average of $23000 in…

Q: What would be the combined monthly credit card bill standard deviation (in dollars)? How do I…

A: here we need to compute the combined monthly credit card bill standard deviation. Here the first…

Q: A mechanic sells a brand of automobile tire that has a life expectancy that is normally​…

A: The mean is 34,000 and the standard deviation is 2400.

Q: There is one male baby seal for every nine female baby seals. What is the average number of male…

A: p=P(male baby seal ) = 1/9 n=5

Q: The accounts of 4,500 credit card customers out of a sample of 40,000 that were reviewed did not…

A: The sample size of review credit card customers: The number of unsatisfactory performers from the…

Q: The blood pressure (average of systolic and diastolic mesurements) of each of 25 randomly selected…

A: The objective of this question is to calculate the standard error, degrees of freedom, and margin of…

Q: A population of adult fish in East Lake are known to have an average weight of 7 kilograms and…

A: Let, x denotes the weight of fish in the East lake.The mean and standard deviation of  are given…

Q: Anita Rogers is in charge of monitoring hospital supplies at the General Hospital. During the past…

A: Given: Meanμ=60Standard deviationσ=7Confidence level = 90%

Q: The average rainfall in a certain area is 24.5 inches per year, with a standard deviation of 3…

A:

Q: The combined SAT scores for the students at a local high school are normally distributed with a mean…

A:

Q: A college placement office conducted a survey of 100 engineers who had graduated from Stanford…

A: The question is about Chebysheff's theoremGiven :Mean salary of engineers ( ) = $72000Standard…

Q: According to records kept by Mariposa County, the average (mean) amount of time that it takes for…

A: Z-Score:             It is a dimensionless quantity that is used to indicate the signed, fractional,…

Q: In 2019, College Board reported that the mean score for the math section of the SAT was 528 with a…

A: given datanormal distributionμ = 528n = 110top 2.5% of student get scholarship

Q: In 2005, the federal aviation administration updtaed its passengers weight standards to an average…

A: Given: μ=190σ=35n=25 By the use of Central limit theorem, the calculations for the mean, i.e, x¯ is…

Q: What is the forumula for standard deviation

A: It is given that the question about to the standard deviation. Here, need to find out the formula…

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.